Wanguo Gold completes share sales, sees director stakes rise

Wanguo Gold Group Limited announced the completion of its Top-up Sale, Subscription, and Sell-down Sale, which took place on August 25, 2025, and September 3, 2025. The Top-up Sale placed 22,500,000 shares at HK$32.55 per share, while an equal number of Subscription Shares were subscribed by the Top-up Seller at the same price, generating net proceeds of approximately HK$721.8 million. The Sell-down Sale placed 7,500,000 shares at HK$32.55 per share.

The shareholding structure changed, with the Top-up Seller's stake increasing to 25.48% and the Sell-down Seller's stake adjusting to 2.95% of the enlarged share capital after all transactions. Notably, a margin call affecting 500,000 shares for the Sell-down Seller was conditionally waived, with the condition of repurchase fulfilled on August 26, 2025.

In separate voluntary announcements, chairman Mr. Gao Mingqing acquired 300,000 shares at an average price of HK$29.7489, increasing his interest to approximately 25.48% post-completion of the Top-up Sale and Subscription. Executive director Ms. Gao Jinzhu purchased 420,000 shares at an average price of HK$30.7359, bringing her total interest to approximately 12.75% after the same transactions.