Laopu Gold Co., Ltd. has announced the successful completion of a private placement of 3,711,800 new H Shares under its general mandate. The newly issued shares represent approximately 2.59% of the H Shares in issue and around 2.10% of the total enlarged share capital following the placement. The shares were placed to not less than six investors at a price of HK$732.49 per H Share, following satisfaction of all conditions set out in the placing agreement.
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