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Cornerstone and Meta Launch Strategic Partnership to Power the Future of AI, Extended Reality and Immersive Learning
CORNERSTONE BANCORP, INC. QUARTERLY REPORT - SEPTEMBER 30, 2024
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Cornerstone Technology subscribed to 35.6% of Spark to build a electric vehicle charging network in Thailand. It also issued 0.2 billion convertible notes to Base Capital Fund One.
On September 22, Cornerstone Tec Holdings (8391.HK) announced that it will subscribe to 35.6% equity of its subsidiary Spark EV for HK$0.18 billion. In addition, Cornerstone Tec will issue HK$0.2 billion in convertible notes to a fund under Ji Hui Capital at an initial conversion price of HK$0.50. According to the disclosed documents of Cornerstone Tec Holdings, after the subscription of Spark EV is completed, the company will enter into a service agreement with Spark. The company will be responsible for all the necessary work for the design, procurement, construction, and commissioning of electric vehicle charging stations throughout Thailand, and will receive payment equivalent to the construction of each charging station.
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