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Lingbao Gold Group Company Ltd. Class H ( (HK:3330) ) has provided an announcement.
Lingbao Gold Group has completed a placing of 29,816,000 existing H shares and a top-up subscription of an equal number of new H shares under its general mandate, raising net proceeds of about HK$770.6 million from professional institutional and individual investors. The funds will be allocated mainly to the construction of the St Barbara gold mine project, overseas acquisitions of high-quality gold mining assets, exploration and expansion of mineral reserves in China, and general working capital, signaling an aggressive expansion strategy and reinforcing its growth trajectory in the gold mining sector.
More about Lingbao Gold Group Company Ltd. Class H
Lingbao Gold Group Company Ltd. is a mainland China-based gold producer engaged in the exploration, mining, processing and sale of gold and related mineral products. The company focuses on developing gold mining assets both in the People’s Republic of China and overseas, positioning itself to expand reserves and production capacity in key resource regions.
Average Trading Volume: 19,103,463
Technical Sentiment Signal: Buy
Current Market Cap: HK$33.94B
For detailed information about 3330 stock, go to TipRanks’ Stock Analysis page.