Shandong Gold's parent company plans share increase

Shandong Gold Mining Co., Ltd. [SSE:600547] announced that its controlling shareholder, Shandong Gold Group, and its concerted parties, intend to increase their holdings of the company's A-shares. The planned increase, reflecting confidence in Shandong Gold's future and long-term value, will occur over the next 12 months beginning April 9, 2025. The entities will use the Shanghai Stock Exchange system, with purchase methods including centralized bidding or block trades. The total investment amount will be no less than CNY 500 million and no more than CNY 1 billion, funded by Shandong Gold Group's own funds or self-raised funds. As of the announcement, Shandong Gold Group directly holds 1,620,569,251 shares, representing 36.23% of the company's total share capital. Shandong Gold Group and its concerted parties jointly hold 2,026,607,362 shares, or 45.30% of Shandong Gold's total equity.