The latest update is out from Zhaojin Mining Industry Co ( (HK:1818) ).
Zhaojin Mining Industry Company Limited has successfully completed the placing of 140,000,000 new H Shares under its General Mandate, raising approximately HK$1,970.3 million in net proceeds. The funds will be used to replenish working capital and repay bank loans. This move increases the total issued shares of the company and strengthens its financial position without any of the new shareholders becoming substantial shareholders.
More about Zhaojin Mining Industry Co
Zhaojin Mining Industry Company Limited is a joint stock limited company incorporated in the People’s Republic of China. It operates in the mining industry, focusing primarily on the production and sale of gold and other precious metals. The company is listed on the Stock Exchange of Hong Kong and is known for its significant presence in the mining sector.
YTD Price Performance: 33.90%
Technical Sentiment Signal: Strong Sell
Current Market Cap: $6.72B
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