LAOPU GOLD Shareholders Plan HK$2 Billion Share Reduction, Controlling Shareholders Not Participating
Deep News
Aug 28
According to sales documents, shareholders of LAOPU GOLD (06181.HK) plan to reduce their holdings by approximately 2.86 million shares at HK$690.45 to HK$702.76 per share, raising HK$1.975 billion to HK$2.009 billion.
The pricing represents a discount of 3% to 4.7% from Tuesday's (August 27) closing price of HK$724.5 per share.
Morgan Stanley serves as the sole bookrunner for the transaction.
LAOPU GOLD announced on Thursday (August 28) morning that the share reduction will be conducted through a share incentive platform via block trading. The company's controlling shareholders Xu Gaoming, Xu Dongbo, and Beijing Hongqiao Jinji Consulting are not participating in this reduction and have no connection to the current share disposal.
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