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Wanguo International Mining Group Ltd. ( (HK:3939) ) has provided an update.
Wanguo International Mining Group Ltd. has announced a strategic financial maneuver involving the top-up sale of existing shares and the subscription of new shares under a general mandate. This move, alongside a sell-down sale of existing shares by a sell-down seller, is expected to raise approximately HK$722 million. The proceeds will be directed towards the exploration and development of the Gold Ridge Mine and for general working capital, potentially enhancing the company’s operational capabilities and market positioning.
The most recent analyst rating on (HK:3939) stock is a Buy with a HK$34.00 price target. To see the full list of analyst forecasts on Wanguo International Mining Group Ltd. stock, see the HK:3939 Stock Forecast page.
More about Wanguo International Mining Group Ltd.
Wanguo International Mining Group Ltd. is a company involved in the mining industry, primarily focusing on the exploration and development of gold mines. The company is known for its operations at the Gold Ridge Mine, which is a significant project for the group.
Average Trading Volume: 4,662,658
Technical Sentiment Signal: Buy
Current Market Cap: HK$36.87B
Learn more about 3939 stock on TipRanks’ Stock Analysis page.