Lingbao Gold Group Company Ltd. Class H ( (HK:3330) ) has issued an update.
Lingbao Gold Group Company Ltd. has successfully completed the placing of 43.5 million new H shares under a general mandate, raising approximately HK$228.79 million. The proceeds are intended for potential mergers and acquisitions in the gold sector, as the company explores opportunities to acquire gold mines either in pre-production or already producing.
More about Lingbao Gold Group Company Ltd. Class H
Lingbao Gold Group Company Ltd. is a joint stock limited company incorporated in the People’s Republic of China, operating in the gold industry. The company focuses on mergers and acquisitions within the gold sector, targeting gold mines in various stages of production across different jurisdictions.
YTD Price Performance: 94.12%
Average Trading Volume: 2,951
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €853.4M
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