MMG Limited announced the successful completion of its HK$6.27 billion (US$800 million) share placement, executed under the company’s existing general mandate and concluded on 18 June 2026. A total of 705.892 million new shares were issued at HK$8.88 per share, enlarging the company’s issued share capital by approximately 5.5% to 12.85 billion shares.

Gross proceeds reached HK$6.27 billion, while net proceeds after related costs and expenses amounted to HK$6.25 billion (US$798 million). The funds will be applied as set out in the earlier 16 June 2026 placement announcement.

The new shares were placed with no fewer than six independent third-party investors. Post-transaction, China Minmetals Corporation and its associates hold 8.19 billion shares, reducing their stake from 67.43% to 63.72%. Other shareholders’ combined interest declines to 30.78%, while the new placees collectively control 5.49% of MMG’s enlarged share capital.

In connection with MMG’s outstanding 2030 convertible bonds, the new share issue results in an adjustment to the conversion price of less than 1%. Under the bond terms, no immediate change will be made; the minor adjustment will instead be carried forward to any future recalculations. A separate announcement will be released upon completion of the company’s planned bond issuance.