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Lingbao Gold Group Company Ltd. Class H ( (HK:3330) ) has provided an update.
Lingbao Gold Group Company Ltd. has announced its proposed implementation of full circulation of its H shares, specifically targeting 18,359,751 unlisted domestic shares, which represent approximately 1.43% of its total share capital. This move is in accordance with the guidelines issued by the China Securities Regulatory Commission and aims to convert these domestic shares into H shares for listing on the Hong Kong Stock Exchange. The proposal is still subject to obtaining necessary approvals from regulatory authorities, and the company has not yet finalized its implementation plan. This strategic initiative could enhance the company’s market liquidity and align its operations with international standards, potentially impacting its market positioning and stakeholder interests.
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. It operates in the gold industry, focusing on the production and sale of gold and related products. The company is listed on the Stock Exchange of Hong Kong and is involved in both domestic and international markets.
Average Trading Volume: 9,118,355
Technical Sentiment Signal: Buy
Current Market Cap: HK$21.97B
For an in-depth examination of 3330 stock, go to TipRanks’ Overview page.