Pinestone Capital Ltd. Announces Share Consolidation and Rights Issue Results

Reuters
Sep 23
Pinestone Capital Ltd. Announces Share Consolidation and Rights Issue Results

Pinestone Capital Ltd., incorporated in the Cayman Islands, has announced a share consolidation resulting in the total number of issued shares being adjusted to 24,364,005 Consolidated Shares. The company has initiated a Rights Issue to issue a maximum of 36,546,008 Rights Shares. As of the Record Date, the Rights Issue is not fully subscribed, and any unsubscribed Rights Shares will be placed to Placees under Compensatory Arrangements, with any remaining shares not issued.

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