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LINGBAO GOLD-1K Plans Shr Placing at 12.38% Discount to Raise Net $229M
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LINGBAO GOLD-1K (03330.HK) announced plans to place up to 43.5 million new H shares, representing approximately 3.93% of its enlarged issued H share capital and 3.38% of its total issued share capital. The placement price was set at HKD5.38 per H share, reflecting a 12.38% discount to the closing price of HKD6.14 on March 10. The company aims to raise gross proceeds of HKD234 million, with net proceeds of HKD229 million, intended for possible mergers and acquisitions opportunities. AAStocks Financial News |
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