Lingbao Gold Group Announces New H Share Placement

An update from Lingbao Gold Group Company Ltd. Class H ( (HK:3330) ) is now available.

Lingbao Gold Group Company Ltd. has announced the placement of new H shares under a general mandate, with Guotai Junan Securities (Hong Kong) Limited acting as the sole placing agent. The company aims to issue up to 43.5 million shares at a price of HK$5.38 each, representing a discount to recent market prices. This move is expected to raise gross proceeds of approximately HK$234.03 million, which will support the company’s financial position. The placement does not require shareholder approval and will proceed under the existing general mandate, though its completion is contingent on certain conditions being met.

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 the production and sale of gold and related products, catering primarily to the Chinese market.

YTD Price Performance: 105.88%

Average Trading Volume: 3,124

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €858.3M

Learn more about 3330 stock on TipRanks’ Stock Analysis page.