Laopu Gold Co. Completes Strategic H Share Placement

Laopu Gold Co. Ltd. Class H ( (HK:6181) ) just unveiled an update.

Laopu Gold Co., Ltd. has successfully completed the placement of 4,310,000 new H Shares under a General Mandate, representing 3.09% of the H Shares in issue and 2.50% of the total number of Shares post-placement. This strategic move, executed at a price of HK$630.00 per H Share, aims to enhance the company’s capital structure without any of the placees becoming substantial shareholders, thereby maintaining the existing control dynamics.

The most recent analyst rating on (HK:6181) stock is a Buy with a HK$460.20 price target. To see the full list of analyst forecasts on Laopu Gold Co. Ltd. Class H stock, see the HK:6181 Stock Forecast page.

More about Laopu Gold Co. Ltd. Class H

Laopu Gold Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the gold industry. The company is involved in the issuance and placement of H shares, focusing on expanding its market presence through strategic financial maneuvers.

Average Trading Volume: 1,243,650

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$112.3B

For a thorough assessment of 6181 stock, go to TipRanks’ Stock Analysis page.