China Kingstone Mining (HKG:1380) will allot and issue 18 million shares to Zeng Jingfeng at HK$0.138 apiece to raise net proceeds of over HK$2.4 million, a late July 25 Hong Kong bourse filing said.
Shares of the marble stone miner were up 1% in Monday afternoon trading.
The shares represent around 4.86% of the firm's enlarged issued share capital.
The firm will use proceeds from the issue for general working capital.
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