<div id="readability-page-1"><h3>Claim 30% Off TipRanks</h3><ul><li>Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions </li><li> Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks </li></ul>An update from Lingbao Gold Group Company Ltd. Class H ( (HK:3330) ) is now available. Lingbao Gold Group has arranged a placing of 29,816,000 existing H shares by a major shareholder and a matching subscription for the same number of new H shares under its general mandate. The transaction, representing about 2.2% of the company’s existing share capital, is structured to replenish the shareholder’s stake while raising fresh equity for the company. The shares will be placed at HK$26.16 each, reflecting a discount of about 4.5% to the latest closing price and 6.8% to the five-day average, in line with typical market practice for accelerated placings. The deal is expected to raise gross proceeds of roughly HK$780 million and net proceeds of about HK$770.6 million, modestly diluting existing holders but strengthening Lingbao Gold’s capital base for future operations and potential investments. More about Lingbao Gold Group Company Ltd. Class H Lingbao Gold Group Company Ltd. is a mainland Chinese gold producer focused on mining, smelting and processing precious metals, with its H shares listed in Hong Kong. The group operates within the wider non-ferrous metals and resources sector, using capital-market financing to support its growth and operational needs in the gold industry. Average Trading Volume: 17,972,006 Technical Sentiment Signal: Buy Current Market Cap: HK$37.46B </div>

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Lingbao Gold Group has raised HK$770.6 million through a placing of 29,816,000 existing H shares and a matching subscription for new H shares. The shares were priced at HK$26.16 each, reflecting a discount of 4.5% to the latest closing price. This transaction, representing about 2.2% of the company's share capital, aims to replenish the shareholder's stake and strengthen the company's capital base for future operations and investments. Lingbao Gold is a mainland Chinese gold producer listed in Hong Kong, focusing on mining and processing precious metals.

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Lingbao Gold Raises HK$770.6 Million via Discounted H-Share Placing and Top-Up Subscription