Pinestone Capital Ltd (HK:0804) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Pinestone Capital Ltd has announced a joint venture with a partner to establish a company focused on digital assets in virtual real estate and decentralized finance, with a total capital of HK$25 million. Pinestone will hold a 40% stake, contributing HK$10 million, while the partner will hold 60%, contributing HK$15 million. This move is a discloseable transaction under Hong Kong’s Listing Rules due to its significant financial implications.
For further insights into HK:0804 stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Nvidia Stock Could Take a Beating from Supply Snags on Blackwell Chips
- ‘This Is Just Pure Hype,’ Says Top Investor About Tesla Stock
- Will Palantir Stock Crash to $28? Jefferies Sounds the Alarm
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
