Shandong Gold boosts dividend, greenlights new H share issuance

Shandong Gold Mining Co. (HKEX: 1787) has updated its final dividend announcement for the year ended December 31, 2024, and is seeking shareholder approval for a general mandate to issue new H Shares. The company proposes a final dividend of RMB1.48 per 10 shares and updates the date of shareholders' approval to June 11, 2025. Subject to shareholder approval, the Board would be authorized to issue, allot, and deal with additional H Shares up to 20% of the existing H Shares. If approved, the Board will have the power to issue up to 171,797,235 H Shares. The general mandate is effective until the conclusion of the next annual general meeting, expiration of a 12-month period, or the revocation or variation of authority. The company states that it will ensure flexibility and discretion to issue shares and the funds will be used in corporate operation and development.