Cornerstone Technologies Issues New Shares to Settle Loan in Connected Transaction

Reuters

May 15, 2025

Cornerstone Technologies Issues New Shares to Settle Loan in Connected Transaction

Cornerstone Technologies Holdings Ltd. announced a connected transaction involving the settlement of a loan through the subscription of new shares. The move is part of the company's strategy to address its financial pressures and support its ongoing expansion in Hong Kong and internationally. The Shareholders' Loan, structured with a long-term tenure, is intended to be repaid gradually using the company's operating cash flow over time. The company's directors have emphasized their commitment to acting in the best interests of the company and its shareholders by carefully managing financial risks and maintaining open communication regarding the rationale for the transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cornerstone Technologies Holdings Ltd. published the original content used to generate this news brief on May 15, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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