According to the latest data from the Hong Kong Stock Exchange, a significant change in shareholding positions occurred for Ximei Resources (09936) on June 3rd.
The total value of the transferred positions amounted to HK$1.064 billion, representing 14.01% of the relevant holdings.
In this movement, a company shareholder transferred 52.0184 million shares into BNP Paribas and transferred 52.0015 million shares out of Citibank.
Separately, Ximei Resources announced its intention to conduct a top-up placing, proposing to issue up to 34.1 million shares to no fewer than six placees.
This represents approximately 8.23% of the company's enlarged issued share capital.
The placing price is set at HK$16.1 per share, representing a discount of roughly 19.5% to the closing price of HK$20 per share on June 2nd.
The company estimates the net proceeds from the subscription will be approximately HK$537.2 million.
The intended use of the net proceeds is as follows: around HK$161.2 million is earmarked for potential strategic investments and acquisitions in the upstream mining sector.
Approximately HK$161.2 million is allocated for business development and capacity expansion.
The remaining HK$214.8 million is designated for working capital and general corporate purposes.
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