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China Hanking Holdings Ltd. ( (HK:3788) ) just unveiled an update.
China Hanking Holdings Limited has successfully completed a pre-IPO capital raising for its subsidiary, Hanking Gold Limited, by issuing 436,550,000 shares at HK$2.62 each, raising approximately HK$1.14 billion. The funds will be used for the development of Australian gold mining projects, and the completion of this subscription alters the shareholding structure, with Hanking Gold now 91.2% owned by China Hanking Holdings, setting the stage for a proposed spin-off and parallel listing.
The most recent analyst rating on (HK:3788) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on China Hanking Holdings Ltd. stock, see the HK:3788 Stock Forecast page.
More about China Hanking Holdings Ltd.
China Hanking Holdings Limited is a company incorporated in the Cayman Islands, primarily focused on the mining industry. Its subsidiary, Hanking Gold Limited, is involved in gold mining projects in Australia.
Average Trading Volume: 4,985,188
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.51B
See more data about 3788 stock on TipRanks’ Stock Analysis page.