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An update from Chifeng Jilong Gold Mining Co., Ltd. Class H ( (HK:6693) ) is now available.
Chifeng Jilong Gold Mining has adjusted the subscription price for new H shares to be issued under a specific mandate, following terms set in its strategic investment agreement. Because the proposed strategic investment will complete after the 2025 ex-dividend date, the aggregate subscription price is reduced from about HK$9.386 billion to approximately HK$9.272 billion.
The per-share subscription price is reset from HK$30.19 to HK$29.82, reflecting a downward adjustment linked to the declared 2025 H share dividend. The revised price represents a discount of roughly 29.1% to the last pre-agreement closing price and about 26.5% to the recent five-day average, a move that maintains the economic balance of the investment terms while potentially enhancing attractiveness for the strategic investor and dilutive implications for existing shareholders.
More about Chifeng Jilong Gold Mining Co., Ltd. Class H
Chifeng Jilong Gold Mining Co., Ltd. is a China-based gold mining company whose H shares are listed in Hong Kong. The company focuses on exploration, mining and production of gold and related resources, serving both domestic and international markets through its Hong Kong-listed H share capital structure.
Average Trading Volume: 9,617,622
Technical Sentiment Signal: Buy
Current Market Cap: HK$80.31B
Learn more about 6693 stock on TipRanks’ Stock Analysis page.