Core Viewpoint - China Rare Earth Holdings (03788) saw its stock price increase by over 9% during trading, closing up 6.42% at HKD 4.81, with a trading volume of HKD 14.308 million [1] Group 1: Fundraising and IPO Plans - China Rare Earth announced a pre-IPO fundraising for its non-wholly owned subsidiary, Rare Earth Gold, issuing a total of 436 million shares at a price of HKD 2.62 per share, raising a total of HKD 1.14 billion [1] - The funds raised will be used to support the development of an Australian gold mining project and to repay approximately AUD 86 million in internal loans [1] - In July, China Rare Earth revealed plans to spin off its subsidiary, Rare Earth Gold, for an independent listing on the Hong Kong Stock Exchange [1] Group 2: Share Placement Details - The company placed a total of 75 million shares to Zijin Mining's Zijin Global Fund and Jinshan at a placement price of HKD 3.13 per share, with net proceeds estimated at HKD 231 million [1] - The proceeds from the placement will be combined with the company's own funds to support the development of the Australian gold mining project [1] - Following the placement, Zijin Mining will hold a 3.69% stake in the expanded issued share capital of the company [1]
港股异动 | 中国罕王(03788)盘中涨超9% 罕王黄金完成首次公开发售前集资 即将赴港独立上市