Core Viewpoint - China Rare Earth Holdings (03788) saw its stock price increase by over 9% during trading, currently reported at 4.83 HKD with a trading volume of 15.18 million HKD, following the announcement of a fundraising initiative by its subsidiary, Rare Earth Gold [1] Group 1: Fundraising and Financial Details - Rare Earth Holdings 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 2.62 HKD per share, raising a total of 1.14 billion HKD [1] - The funds raised are intended to support the development of an Australian gold mining project and to repay approximately 86 million AUD in internal loans [1] - The company plans to independently list Rare Earth Gold on the main board of the Hong Kong Stock Exchange through an introduction listing [1] Group 2: Share Placement and Strategic Partnerships - The company placed a total of 75 million shares to Zijin Mining's Zijin Global Fund and Jinshan at a placement price of 3.13 HKD per share, with net proceeds estimated at 231 million HKD, which will be used alongside 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]
中国罕王盘中涨超9% 罕王黄金完成首次公开发售前集资