JL MAG Rare-Earth Completes Successful H Share Placing

JL MAG Rare-Earth Co., Ltd. Class H (HK:6680) has released an update.

JL MAG Rare-Earth Co., Ltd. has successfully completed the placing of 6,723,800 new H shares, raising funds at HK$7.82 per share. The shares were distributed among four investors, including Pamalican Fund Ltd and Dymon Asia Multi Strategy Investment Master Fund, highlighting strong institutional interest. This strategic move is expected to bolster the company’s financial position and support its growth initiatives.

For further insights into HK:6680 stock, check out TipRanks’ Stock Analysis page.