China Hanking subsidiary Hanking Gold raises HK$1.14 bn in share subscription

China Hanking Holdings Limited announced that its subsidiary, Hanking Gold, entered into six subscription agreements on September 30, 2025, to subscribe for 436,550,000 subscription shares at HK$2.62 per share. This transaction, which includes China Hanking Holdings as a subscriber, will raise approximately HK$1.14 billion. The funds are intended to support the development of Hanking Gold's Australian gold mining projects and to settle an intra-group loan of approximately A$86 million owed to the company.

The subscription is a crucial component of Hanking Gold's pre-IPO capital raising, reinforcing its balance sheet ahead of a proposed spin-off and separate listing on the main board of the stock exchange by way of introduction. As a result of the subscription, China Hanking Holdings' ownership in Hanking Gold will adjust from 94.0% to 91.2%, maintaining its status as a non wholly-owned subsidiary until the spin-off's completion. The company expects the cash injections to be supportive of the proposed spin-off.