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HKG:3330

9 stories mentioning HKG:3330Updated 11d ago

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Asia

Hong Kong Stocks Fall as Oil Prices Stay Elevated; Lingbao Gold Falls on St Barbara Deal

Hong Kong stocks closed lower Thursday as elevated oil prices weighed on sentiment, with investors cautious ahead of U.S. inflation data.The Hang Seng Index fell 320.49 points, or 1.3%, to close at 24,954.47, while the Hang Seng China Enterprises Index lost 94.27 points, or 1.1%, to finish at 8,274.78Brent crude held above $100 a barrel after surging past the threshold Wednesday for the first time since July, as escalating attacks on shipping in the Middle East raised concerns over energy supplies and inflation.Investors are also awaiting U.S. producer and consumer inflation data due Thursday and Friday for clues on the Federal Reserve's policy path.Markets are pricing in about a 60% chance of a rate hike at the Fed's Sept. 15-16 meeting.In corporate news, Lingbao Gold (HKG:3330) closed over 3% lower after agreeing to acquire the 50%-1 share in Tabar Islands Holdings held by St Barbara (ASX:SBM) for AU$410 million.

Hang SengASX:SBMHKG:3330
Asia

Lingbao Gold Buys Out St Barbara's Stake in Simberi Project

Lingbao Gold (HKG:3330) agreed to acquire the 50%-1 share in Tabar Islands Holdings held by St Barbara (ASX:SBM) for AU$410 million, according to a Thursday Hong Kong bourse filing.The target owns the Simberi gold mine in Papua New Guinea and two exploration licenses.The acquisition will give Lingbao Gold full ownership, subject to regulatory approvals.Lingbao expects Simberi's sulphide expansion to begin production from 2028, with annual output exceeding 200,000 ounces.About 60%-70% of the consideration will be financed through domestic bank loans, with the remainder funded by Lingbao's own capital.

ASX:SBMHKG:3330
Asia

Lingbao Gold Posts Higher Attributable Profit in H1

Lingbao Gold Group's (HKG:3330) attributable profit rose to 972.4 million yuan in the first half of 2026 from 664 million yuan a year ago, according to a Wednesday filing with the Hong Kong Exchange.Earnings per share climbed to 0.7272 yuan from 0.5233 yuan a year earlier, the gold miner said.Revenue edged up to 7.99 billion yuan from 7.79 billion yuan a year ago.

HKG:3330
Asia

Lingbao Gold Forecasts Up to 57% Boost in H1 Profit

Lingbao Gold (HKG:3330) expects a net profit of between 950 million yuan and 1.05 billion yuan for the six months ended 30 June 2026, up 42% to 57% from 670 million yuan.The gold miner expects a 1% to 4% rise in revenue to between 7.9 billion yuan and 8.1 billion yuan for the half year from 7.79 billion yuan a year prior.The company attributed the forecast mainly to an increase in the price of gold, the company's major product; as well as the completion of the subscription transaction for a 50%+1 share equity interest in St Barbara Mining.

HKG:3330
Asia

Lingbao Gold's Controlling Shareholder Plans to Increase Stake

Lingbao Gold (HKG:3330) said controlling shareholder Wang Guanran plans to acquire up to 16 million shares in the company over the next 12 months, according to a Wednesday Hong Kong bourse filing.The company said Wang intends to make the purchases in the open market using his own funds, subject to market conditions and regulatory requirements.Wang currently indirectly holds 489.1 million H shares, representing about 35.50% of its total issued shares, the filing showed.

HKG:3330
Asia

Lingbao Gold Nets HK$771 Million via Share Placement, Subscription

Lingbao Gold (HKG:3330) raised about HK$770.6 million from a top-up subscription of new shares following a placing of existing shares, according to a Wednesday Hong Kong bourse filing.Shares of the gold miner were down over 6% in Thursday morning trade.The company issued 29.8 million new shares at HK$26.16 each to the vendor, Jesi Industrial Development (Hong Kong), after the same number of shares were placed with investors at the same price.Proceeds will be used mainly for the construction of the St Barbara gold mine project, as well as overseas acquisitions, mineral exploration in China, and general working capital.The placing shares were sold to not fewer than six investors, the company said.

HKG:3330
Asia

Lingbao Gold Expects Flat Q1 Profit

Lingbao Gold (HKG:3330) expects to post a net profit of not less than 250 million yuan for the first quarter of 2026, broadly stable from a year earlier, according to a Tuesday Hong Kong bourse filing.Shares of the gold miner were up nearly 1% in Wednesday morning trade.The company said steady operations and higher gold prices supported performance during the period.However, profit was offset by a non-cash loss of about 260 million yuan from fair value changes in convertible bonds, the filing said.The firm said the impact is one-off in nature and does not affect underlying operations or cash flow.

HKG:3330
Asia

Lingbao Gold's Profit Surges in 2025

Lingbao Gold Group (HKG:3330) recorded an attributable profit of 1.54 billion yuan in 2025, up from 698 million yuan a year prior, according to the firm's annual report filed with the Hong Kong bourse Friday.The gold miner's earnings per share increased to 1.2076 yuan from 0.5675 yuan in the previous fiscal year.Revenue jumped 11% year over year to 13.1 billion yuan from 11.9 billion yuan previously.The firm recommended a final dividend of 0.05 yuan per share for the year, payable on or around June 23 to shareholders of record on May 29, subject to shareholders approval.

HKG:3330
Asia

Lingbao Gold to Raise HK$771 Million via Share Placement, Subscription

Lingbao Gold (HKG:3330) plans to raise about HK$770.6 million in net proceeds through a share placing and top-up subscription, according to a Tuesday Hong Kong bourse filing.Jesi Industrial Development (Hong Kong) will place 29.8 million shares at HK$26.16 each to investors on a best-efforts basis.The placing represents about 2.2% of the gold miner's existing issued share capital.The placing price represents a discount of about 4.5% to the last closing price and about 6.8% to the five-day average price, the filing said.Lingbao Gold will issue the same number of new shares to the seller under a top-up subscription at the same price.Net proceeds will be used for overseas gold mining acquisitions, exploration, and expansion of mineral reserves, as well as working capital, the filing added.

HKG:3330

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