Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Tongguan Gold Group Ltd. ( (HK:0340) ) just unveiled an announcement.
Tongguan Gold Group Ltd. announced the issuance of new shares under a general mandate, with agreements made with two independent third-party subscribers. The company plans to issue a total of 327,420,000 shares at a price of HK$0.69 per share, raising net proceeds of HK$225,469,800. The funds will be utilized as outlined in the announcement, and the subscription is subject to approval for listing and dealing in the new shares. The subscribers are independent entities, and neither will become substantial shareholders immediately upon completion.
More about Tongguan Gold Group Ltd.
Technical Sentiment Signal: Strong Sell
Current Market Cap: €425.1M
Find detailed analytics on 0340 stock on TipRanks’ Stock Analysis page.