Lingbao Gold Group Updates on Subscription for Majority Stake in Target Company

Reuters
Feb 13
Lingbao Gold Group Updates on Subscription for Majority Stake in Target Company

Lingbao Gold Group Company Ltd. has provided a supplemental update regarding its agreement to subscribe for a 50% plus one share equity interest in a target company. The company engaged an independent professional valuation firm to assess the consideration for the transaction, referencing recent comparable transactions in the gold mining sector involving both international and Chinese companies. Funding for the subscription will be sourced from remaining proceeds of a March 2025 placement totaling HKD151 million and approximately HKD421 million raised through zero-interest convertible bonds issued in December 2025. Lingbao Gold Group plans to dynamically adjust the mix of bank loans and refinancing as part of its funding strategy for the transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lingbao Gold Group Company Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260213-12025230), on February 13, 2026, and is solely responsible for the information contained therein.

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