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The latest announcement is out from Lingbao Gold Group Company Ltd. Class H ( (HK:3330) ).
Lingbao Gold Group Company Ltd. has announced the proposed issuance of HK$1,166 million zero coupon convertible bonds due in 2026. The bonds, which are convertible into H Shares at an initial conversion price of HK$17.83 per share, represent a premium over recent trading prices. The proceeds from the bond issuance, estimated to be approximately HK$1,151.6 million after expenses, will be used as detailed by the company. This move is expected to impact the company’s financial structure and market positioning by potentially increasing its share capital and providing additional funds for its operations.
The most recent analyst rating on (HK:3330) stock is a Hold with a HK$16.00 price target. To see the full list of analyst forecasts on Lingbao Gold Group Company Ltd. Class H stock, see the HK:3330 Stock Forecast page.
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 mining industry. The company focuses on the production and sale of gold and other related products, primarily serving markets in China and Hong Kong.
YTD Price Performance: 420.84%
Average Trading Volume: 9,879,592
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.14B
See more insights into 3330 stock on TipRanks’ Stock Analysis page.