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The latest announcement is out from Tongguan Gold Group Ltd. ( (HK:0340) ).
Tongguan Gold Group Ltd. has completed a subscription agreement, issuing 327,420,000 new shares at HK$0.69 each, raising approximately HK$225,469,800. The proceeds will be used to enhance mining production, conduct drilling activities, and improve infrastructure, impacting the company’s operational capacity and market positioning by expanding its gold production capabilities.
More about Tongguan Gold Group Ltd.
Tongguan Gold Group Ltd. operates in the mining industry, primarily focusing on the production and development of gold concentrates. The company is involved in various mining activities, including drilling and construction, with a market focus on expanding its production capabilities.
Technical Sentiment Signal: Sell
Current Market Cap: €579.5M
For detailed information about 0340 stock, go to TipRanks’ Stock Analysis page.