Chifeng Jilong Gold Mining Group Limited (CHIFENG GOLD) has expanded its share capital through the issuance of 310.90 million new H shares on 22 October 2026 under a specific mandate linked to the Strategic Investment Agreement dated 22 March 2026. The new shares were placed at HKD 29.82 each, implying gross proceeds of approximately HKD 9.27 billion.
Prior to the transaction, CHIFENG GOLD had 236.50 million issued H shares. The placement increases the total outstanding share count to 547.40 million, marking a 131.46% enlargement of the company’s share base.
No treasury shares were outstanding before or after the transaction, and the company reported no share redemptions, repurchases, or on-market sales of treasury stock during the period.
The board has confirmed that the share issue was duly authorised and executed in full compliance with the Hong Kong Stock Exchange’s Main Board Rules and other applicable regulations.
Comments