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chi kingstone premium of about 72.41%, totaling 40 million shares for settlement.
Chi Kingstone (01380) announced that on November 11, 2024, the company has reached a comprehensive and final settlement with AOF I on the dispute. The company (as the issuer) has conditionally agreed to issue and issue, while AOF I (as the subscriber) has conditionally agreed to subscribe for a total of 40 million new shares (settlement shares) at a subscription price of HK$0.20 per settlement share. Assuming that the company's issued share capital remains unchanged from the date of this announcement to the settlement shares issuance date (excluding the issuance and issuance of settlement shares), then the 40 million settlement shares represent the company's issuance and issuance.
chi kingstone (01380.HK) reached a final settlement with AOF I, issuing 40 million new shares at a premium.
chi kingstone (01380.HK) announced that it has reached a comprehensive and final settlement with AOF I regarding the dispute. Accordingly, the company will issue 40 million new shares to AOF I at a price of 0.2 yuan per share, representing a premium of 72.41% over the previous trading day (11th). After completion, AOF I will hold 15.69% of the company's share capital.
China Kingstone Mining to Issue 40 Million New Shares to Settle Bonds' Conversion Right Dispute
Yiu Tsoi customer account suspected of being manipulated by hackers to buy chi kingstone (01380.HK), reportedly fully compensated for the losses.
Ming Pao cited reports that Bright Smart Financial Services (01428.HK)'s Bright Smart Securities representative lawyers have sent letters to multiple brokerages stating that on the afternoon of October 24th, around 2pm to 4pm, there was suspicion of hackers invading their clients' accounts to conduct unauthorized stock trades, unusually repeating trades of Chi Kingstone (01380.HK) shares. However, after consulting the relevant clients, it was confirmed that no stock transactions were made. The clients indicated that their accounts were invaded by hackers impersonating their identities and instructing the purchase of related stocks. It was disclosed that Bright Smart has compensated all customer losses. It is reported that Bright Smart suspects some of the sellers of Chi Kingstone shares conspired to commit fraud.
chi kingstone (01380.HK) has received a default event notification from AOFI lawyers.
Gelonghui on October 29th | Chi Kingstone (01380.HK) announced that on October 29, 2024, the company received a default event notice from AOFI lawyers. According to the default notice, after the conversion notice with a total face value of HKD 1,250,000 convertible securities was delivered on October 4, 2024, the company failed to deliver the required convertible shares to AOFI by October 9, 2024, or before that date, and still did not deliver the required convertible shares to AOFI on the date of the default notice; even though the company has been in discussion with AOFI since October 10, 2024 regarding the delivery of the required shares.
China Kingstone Mining's Former Substantial Shareholder Disposes Of 26% Stake
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