Group 1 - The company, China Rare Earth Holdings (03788.HK), announced a conditional agreement to issue a total of 43.96 million subscription shares at a price of HKD 3.80 per share, representing an approximate discount of 18.28% compared to the closing price of HKD 4.650 on the Hong Kong Stock Exchange on the date of the agreement [1] - The total expected proceeds from the subscription are approximately HKD 167 million, with a net amount of about HKD 165 million after expenses [1] - The company also entered into a placement agreement with Macquarie and CICC to facilitate the placement of up to approximately 162 million new shares at the same price of HKD 3.80 per share, which represents about 7.96% of the existing issued share capital [1] Group 2 - The funds raised from the subscription and placement will be used for the development of the Mt Bundy gold project in Australia, which the company has prioritized due to its large scale and high certainty [2] - The financing will cover the company's own funding portion required for the total project cost, ensuring reliable funding for the construction and development of the Mt Bundy gold project [2] - The CEO expressed satisfaction with the support from leading gold companies and reputable long-term Chinese funds, emphasizing the focus on developing the Mt Bundy project into a gold production mine to create value for all stakeholders [2]
中国罕王(03788.HK)拟募资7.83亿港元推进澳洲Mt Bundy金矿开发 获紫金等机构认购