SD GOLD (01787) Plans Rights Offering at Approximately 8.98% Discount, Net Proceeds Up to HK$3.8924 Billion

Stock News
Sep 02

SD GOLD (01787) announced that to further advance the company's international layout in capital markets, enhance its capital strength, optimize capital structure, and promote healthier, more sustainable, and high-quality development while building a world-class gold mining enterprise with global competitiveness, the company entered into a placing agreement with placing agents on September 2, 2025 (before Hong Kong Stock Exchange trading hours).

Under the agreement, the company plans to place up to 136.5 million placing shares through placing agents at a placing price of HK$28.58 per placing share, representing a discount of approximately 8.98% compared to the closing price of HK$31.40 per H-share on the Hong Kong Stock Exchange on September 1, 2025.

Upon completion and assuming all placing shares are successfully placed, the net proceeds from the placing are expected to be approximately HK$3.8924 billion, which will be used to repay the company's debts.

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