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LAOPU GOLD Rises 4.4% in Early Trading After Announcing Discounted Shr Placement to Raise $2.7B Net Proceeds
LAOPU GOLD (06181.HK) opened flat this morning but managed to rise by 4.4% to $715 in early trading.LAOPU GOLD had announced earlier that it had reached a placing agreement to plac...
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LAOPU GOLD Rises 4.4% in Early Trading After Announcing Discounted Shr Placement to Raise $2.7B Net Proceeds
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STOCK INFO

LAOPU GOLD (06181.HK)  +1.000 (+0.143%)    Short selling $103.54M; Ratio 20.360%   opened flat this morning but managed to rise by 4.4% to $715 in early trading.

LAOPU GOLD had announced earlier that it had reached a placing agreement to place 4.31 million new H-shares, representing about 3.19% of the company's issued H shares and about 2.56% of its total issued shares.

Related NewsBofAS Trims LAOPU GOLD's TP to $932; Shr Placement to Strengthen Capital
The placement price is $630 per share, marking a discount of about 8% to yesterday's (7th) closing price of $685. The net proceeds after deducting commission and estimated expenses are expected to be around $2.698 billion.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-09 16:25.)

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