Core Viewpoint - Lao Pu Gold (06181) announced a share placement to raise approximately HKD 27.07 billion, primarily for inventory reserves, amid a decline in stock price [1] Group 1: Company Actions - Lao Pu Gold plans to place 3.71 million new H-shares at HKD 732.49 per share, aiming to raise about HKD 27.07 billion, with 70% allocated for inventory reserves [1] - The company previously placed 4.31 million H-shares in May, raising approximately HKD 26.98 billion [1] Group 2: Market Reactions - The stock price of Lao Pu Gold fell nearly 4% towards the end of trading, closing down 3.74% at HKD 669, with a trading volume of HKD 8.22 billion [1] - Citigroup's report indicates that the share placement aligns with market expectations, with investors focusing on the sufficiency of capital post-fundraising [1] Group 3: Financial Outlook - The company anticipates a stabilization in gross profit margin in the second half of the year following a 25% average price increase on new products, which exceeded expectations [1] - Free cash flow is expected to turn positive by 2026, as same-store sales growth slows and new store expansion decelerates [1]
港股异动 | 老铺黄金(06181)尾盘跌近4% 花旗称公司配股在预期内 产品加价25%超预期