Pinestone Capital Unveils Investigation Findings on Loan Deal
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Pinestone Capital Ltd (HK:0804) has released findings from an independent investigation into a loan agreement with Capital Realm Financial Holdings, a major shareholder. The investigation determined the loan was a connected transaction under Listing Rules, resulting in the suspension of former non-executive Director Mr. Shi Zhu. The company is seeking full repayment and has formed an independent committee to investigate potential regulatory breaches. The current analyst rating for HK:0804 is Hold, with a price target of HK$3.00.
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