Shandong Gold Mining’s Major Shareholder Plans Significant Investment Increase

An update from Shandong Gold Mining Co., Ltd. Class H ( (HK:1787) ) is now available.

Shandong Gold Mining Co., Ltd. announced a plan for its controlling shareholder, SD Gold Group, and its affiliates to increase their shareholdings in the company. This move, driven by confidence in the company’s long-term investment value, involves an investment of between RMB0.5 billion and RMB1.0 billion in A Shares over the next twelve months. The initiative underscores the shareholder’s commitment to the company’s future growth, although it is subject to market conditions which may affect its full implementation.

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

Shandong Gold Mining Co., Ltd. is a prominent company in the mining industry, primarily focused on the extraction and processing of gold. It operates within the People’s Republic of China and is listed on the Hong Kong and Shanghai Stock Exchanges, indicating a significant market presence and focus on sustainable development.

YTD Price Performance: 40.13%

Average Trading Volume: 12,959,891

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$112B

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