According to the Zhitong Finance App, Minmetals Resources (01208.HK) announced that on June 16, 2026, the company signed a placement agreement with the placement agent to issue approximately 706 million shares through the placement agent. The placement price is HK$8.88, which is about 8.8% off the closing price of HK$9.74 per share on June 15, 2026. The net raise from the placement is approximately HK$6.253 billion to be used to refinance existing loans, support existing project development and expansion plans, fund strategic acquisitions and investments, and supplement working capital and general corporate purposes.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.