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Shandong Gold Mining Boosts Capital with New H Share Placement

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Shandong Gold Mining Boosts Capital with New H Share Placement

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Shandong Gold Mining Co., Ltd. Class H ( (HK:1787) ) just unveiled an announcement.

Shandong Gold Mining Co., Ltd. has announced an increase in its registered capital following the successful placement of 136,500,000 new H Shares, raising the total number of issued shares to 4,609,929,525. This move, approved by the company’s board, also necessitated amendments to the Articles of Association, reflecting changes in the company’s shareholding structure and enhancing its capital base, potentially strengthening its market position.

The most recent analyst rating on (HK:1787) stock is a Buy with a HK$19.80 price target. To see the full list of analyst forecasts on Shandong Gold Mining Co., Ltd. Class H stock, see the HK:1787 Stock Forecast page.

More about Shandong Gold Mining Co., Ltd. Class H

Shandong Gold Mining Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, primarily operating in the gold mining industry. The company is involved in the exploration, mining, and processing of gold, focusing on expanding its market presence through strategic acquisitions and share placements.

Average Trading Volume: 15,926,247

Technical Sentiment Signal: Buy

Current Market Cap: HK$184.4B

For detailed information about 1787 stock, go to TipRanks’ Stock Analysis page.

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