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Lingbao Gold Group Company Ltd. Class H ( (HK:3330) ) just unveiled an update.
Lingbao Gold Group has clarified how it will use the roughly HK$770.6 million in net proceeds from its recent top-up subscription of new H shares, earmarking the funds primarily for overseas expansion of its gold mining business and general working capital. The announcement underscores the group’s push to strengthen its global resource base and support ongoing operations.
Around 65% of the proceeds, or about HK$500.9 million, will fund expansion works at St Barbara Mining’s Simberi gold mine in Papua New Guinea, which the company acquired control of in April 2026, with completion and operation targeted for late 2027. A further 5%, or roughly HK$38.5 million, is allocated to future overseas mergers and acquisitions of sizeable, cash-generative gold projects by the end of 2026, reinforcing Lingbao Gold’s capacity to move quickly on cross-border deals and deepen its overseas footprint despite no specific new targets yet identified.
More about Lingbao Gold Group Company Ltd. Class H
Lingbao Gold Group Company Ltd. is a PRC-incorporated gold producer focused on exploration, mining, and development of gold resources, with its H shares listed in Hong Kong. The group has been advancing an internationalisation strategy, building a portfolio of overseas gold mining assets to secure long-term resource reserves and sustainable growth.
Average Trading Volume: 18,939,384
Technical Sentiment Signal: Buy
Current Market Cap: HK$35.95B
For detailed information about 3330 stock, go to TipRanks’ Stock Analysis page.