Hong Kong Gold Industry Group (02623.HK) plans to issue up to 23.2 million shares, raising approximately 93.2 million Hong Kong dollars.

Wisdom Financial News App reported that Hong Kong Gold Industry Group (02623.HK) announced that on June 18, 2026, the company plans to issue up to 23.2 million shares for sale, representing approximately 4.42% of the company's existing issued share capital (excluding treasury shares, if any) on the date of this announcement; and about 4.23% of the company's issued share capital after the issuance and sale of the shares. The sale price of each share is HK$4.08. Assuming all shares are sold, the total proceeds from the sale are estimated to be approximately HK$94.7 million, with the estimated net proceeds from the sale being approximately HK$93.2 million. The company plans to use all net proceeds from the sale for suitable investments and/or acquisition opportunities as evaluated by the board of directors from time to time, such as target companies engaged in precious metal mining operations.