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Shandong Gold Mining Completes HK$3.89 Billion H Share Placement

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Shandong Gold Mining Completes HK$3.89 Billion H Share Placement

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The latest announcement is out from Shandong Gold Mining Co., Ltd. Class H ( (HK:1787) ).

Shandong Gold Mining Co., Ltd. has successfully completed the placement of 136,500,000 new H shares under a general mandate, raising approximately HK$3,892.42 million. This placement increases the company’s total issued shares and strengthens its financial position without any placee becoming a substantial shareholder.

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, operating in the mining industry with a focus on gold production and related activities.

Average Trading Volume: 14,916,596

Technical Sentiment Signal: Buy

Current Market Cap: HK$177B

Find detailed analytics on 1787 stock on TipRanks’ Stock Analysis page.

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