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The latest update is out from Laopu Gold Co. Ltd. Class H ( (HK:6181) ).
Laopu Gold Co., Ltd. announced the placement of 3,711,800 new H shares under a general mandate, with the Placing Agents agreeing to procure at least six placees to purchase the shares at HK$732.49 each. This move, priced at a discount to recent trading prices, is expected to raise approximately HK$2,706.76 million in net proceeds, potentially impacting the company’s financial position and market operations, although the completion of the placement is contingent on certain conditions.
The most recent analyst rating on (HK:6181) stock is a Hold with a HK$821.00 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 in the gold industry. The company is focused on the issuance and placement of H shares, which are a type of stock traded on the Hong Kong Stock Exchange, indicating its market focus on international investors.
Average Trading Volume: 1,762,153
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$137.8B
See more data about 6181 stock on TipRanks’ Stock Analysis page.