Top Good Gold (01939) completes placement of 11.88 million shares.

Wisdom Financial News APP, Shangshan Gold (01939) announced that all conditions stipulated in the placement agreement (as supplemented by the supplemental agreement) have been fulfilled, and the completion was implemented on November 6, 2025. According to the terms and conditions of the placement agreement (as supplemented by the supplemental agreement), the placement agent has placed a total of 11.88 million shares at a revised placement price of HK$7.71 per share to no fewer than six underwriters, equivalent to approximately 2.32% of the company's issued share capital after the placement. The total proceeds from the placement are estimated to be HK$91.548 million, with a net amount of approximately HK$90 million after deducting placement commission and other related expenses, resulting in a net price of approximately HK$7.58 per share.