Lingbao Gold (03330) issued an announcement. On April 17, 2024, the company plans to place a maximum of 2691.6...
According to the Zhitong Finance App, Lingbao Gold (03330) announced that on April 17, 2024, the company plans to place a maximum of 26.916,800 shares, which is equivalent to about 3.98% of the expanded number of issued H shares and about 2.16% of the number of issued shares. The placement price of HK$3.02 per share was discounted by approximately 16.11% compared to the closing price of HK$3.60 per H share reported on April 17.
Assuming that all placed shares are fully placed and are to be completed, it is expected that the maximum total proceeds and net proceeds from the placement will be approximately HK$81.3 million and HK$79.3 million respectively. The net proceeds from the placement are intended to be used to purchase gold concentrate for the production of gold bars.