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The latest update is out from Shandong Gold Mining Co., Ltd. Class H ( (HK:1787) ).
Shandong Gold Mining Co., Ltd. has announced a strategic move to place new H shares under a general mandate, aiming to further its internationalization strategy and enhance its capital strength. The placement involves up to 136.5 million shares at HK$28.58 each, representing a significant portion of existing shares. This initiative is expected to generate substantial proceeds, which will support the company’s growth and competitive positioning in the global market.
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 China, operating in the gold mining industry. The company focuses on becoming a world-class gold mining enterprise with global competitiveness, emphasizing internationalization, capital strength enhancement, and sustainable development.
Average Trading Volume: 12,472,499
Technical Sentiment Signal: Buy
Current Market Cap: HK$157B
For detailed information about 1787 stock, go to TipRanks’ Stock Analysis page.