On August 28, WANGUO GOLD GP rose 3.18% in regular trading, trading at HK$15.22/share, with turnover of HK$212 million.

On the news front, the company recently announced the completion of its HK$5.5 billion 0.75% convertible bond issuance due 2027. Net proceeds of approximately HK$5.4 billion will be fully allocated to acquiring overseas gold mining assets, primarily producing or near-production projects, with full utilization expected by end of 2028. The ultra-low coupon rate locks in substantial capital for overseas expansion at minimal cost, continuing to fuel market growth expectations.

Simultaneously, the company reported robust first-half results on August 17, with attributable net profit of RMB 905 million, up 51% year over year, and revenue rising 50% to RMB 1.86 billion. Gross margin expanded 7.3 percentage points to 77.3%, driven by increased contributions from the Gold Ridge mine. The combination of strong fundamentals and aggressive acquisition financing provides dual support for the stock.

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