Zijin Mining Raises 136 Million Yuan From Share Option Exercise; HK Shares Jump 6%
MT Newswires Live01-06
Zijin Mining (HKG:2899, SHA:601899) said 12.2 million share options have been exercised under the first exercise period of its 2023 share option incentive scheme, according to a Monday Hong Kong bourse filing.
Hong Kong-listed shares of the firm were up nearly 6% in Tuesday morning trade, while its Shanghai-listed shares rose more than 5%.
The exercised options resulted in the issuance of 12.2 million new A shares, which have been registered and are listed and tradable, the filing said.
Zijin Mining said it raised 136 million yuan from the option exercises, with proceeds to be used to supplement working capital.
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