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LAOPU GOLD Raises $2.7B in Shr Placement at Discount of 8%+
Recommend 8 Positive 8 Negative 17 2025/05/08 00:26 GMT
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LAOPU GOLD (06181.HK) reached a placing agreement yesterday (7th) to place 4.31 million new H Shares, representing approx. 3.19% of the H Shares in issue and approx. 2.56% of the total number of Shares in issue, at a placing price of $630 per share, representing a discount of approx. 8.03% to yesterday's closing price of $685 per share, according to LAOPU GOLD's announcement. The gross proceeds and net proceeds after deducting the commission and estimated expenses from the Placing are expected to be $2.715 billion and approx. $2.698 billion. 80% of the proceeds will be used for the expansion of boutiques in mainland China, optimization of existing boutiques locations and floor area expansion, and supporting the rapid growth in same-store sales, with the remaining 20% to be used to replenish working capital and general corporate purposes.
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