LAOPU GOLD plans to place approximately 3.7118 million new H shares at a discount of about 4.50%, netting approximately HKD 2.707 billion
LAOPU GOLD plans to place 3.7118 million new H shares at a price of HKD 732.49 per share, representing a discount of approximately 4.50%. This placement will raise approximately HKD 2.707 billion, with the funds allocated as follows: 70% for inventory reserves, 10% for store expansion and optimization, and 20% for replenishing working capital and general corporate purposes. The placed shares account for approximately 2.66% of the issued H shares and 2.15% of the total shares
According to the announcement from LAOPU GOLD (06181), on October 21, 2025 (after the trading session of the Stock Exchange), the company entered into a placement agreement with the placement agent. Under this agreement, the placement agent has conditionally and solely (rather than jointly or jointly and solely) agreed to act as the company's agent to facilitate the purchase of no less than 6 subscribers to acquire a total of 3.7118 million new H shares at a placement price of HKD 732.49 per H share.
The placement shares represent approximately 2.66% and 2.15% of the total issued H shares and total issued shares as of the date of this announcement, respectively, and approximately 2.59% and 2.10% of the total H shares and total issued shares after the placement shares are issued and allotted (assuming no changes in the company's issued shares from the date of this announcement to the cutoff date, excluding the placement shares). The total nominal value of the placement shares will be RMB 3.7118 million. The placement price of HKD 732.49 per H share represents a discount of approximately 4.50% compared to the closing price of HKD 767.00 per H share reported on the Stock Exchange on October 21, 2025 (the date of the placement agreement).
The company will issue the placement shares under the general authorization. The company will apply to the Stock Exchange for the listing and trading of the placement shares.
The net proceeds from the placement are expected to be approximately HKD 2.707 billion, of which (1) 70% will be used for inventory reserves; (2) 10% will be used for store expansion and optimization of existing store locations and area expansion; and (3) 20% will be used to supplement working capital and for general corporate purposes
