Shangshan Gold Raises HK$91.6 Million Through New Share Placement

Reuters11-06

Shangshan Gold Raises HK$91.6 Million Through New Share Placement

Shangshan Gold International Holdings Ltd. has announced the completion of a placing of new shares under a general mandate. The transaction involved the issuance of 11,880,000 placing shares, representing approximately 2.32% of the company's enlarged issued share capital. The gross proceeds from the placing amounted to HK$91,594,800, with estimated net proceeds of approximately HK$90 million after expenses. The company intends to use the funds primarily for global channel layout and brand system construction. The shares were placed to independent third parties who were not substantial shareholders or connected persons of the company prior to the completion of the placing.

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. Shangshan Gold International Holdings Ltd. published the original content used to generate this news brief on November 06, 2025, and is solely responsible for the information contained therein.

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