Lingbao Gold: adj. to maximum of 30M H shares

Lingbao Gold Group Company Ltd. (3330.HK) has announced plans to place up to 298.16 million H shares at a placement price of HK$26.16 per share, representing a 4.53% discount to the previous closing price of HK$27.40. The placement is expected to generate approximately HK$780 million in gross proceeds and HK$770.6 million in net proceeds, which the company intends to allocate toward overseas gold mining assets, resource exploration, and general working capital.

The transaction involves the seller, the company, and the placement agent, with the latter tasked to facilitate the sale of the shares using best-efforts. The placement is expected to increase the company’s issued share capital by approximately 2.55% for H shares and 2.20% for total issued shares. Lingbao Gold’s management views the placement as a strategic move to reduce reliance on bank financing.

As of June 7, 2026, the stock is trading within a day’s range of HK$13.80 to HK$14.12, with a 52-week range of HK$9.22 to HK$31.20.