罕王黄金完成公开发售前集资

罕王黄金完成公开发售前集资 HankingGoldfinished Pre-IPO funding 最新动态 ➢收购CYGNET GOLD的股本。2025年10月27日，公司附属公司Watkins Gold与Qiu Family及Golden Resource（卖方，均由邱博士控制）订立售股协议，据此，Watkins Gold同意收购，而卖方同意出售Cygnet Gold合共2.75%的股本，对价为690万澳元。同日，Watkins Gold与Cygnet Gold其他现有少数股东（均为独立第三方）（CygnetGold少数股东）订立另一份售股协议，据此，Watkins Gold同意收购，而Cygnet Gold少数股东同意出售CygnetGold合共3.88%的股本，对价为970万澳元。收购Cygnet Gold 6.63%股本的总对价为1660万澳元。经计及先前投资事项及收购事项的对价，罕王黄金将持有Cygnet Gold（其拥有并经营一个拥有约206万盎司黄金资源的金矿项目）的100%股权，总对价约为6031万澳元。10月27日，Watkins Gold持有Cygnet Gold约93.37%的股本。于自邱博士收购Cygnet事项及自Cygnet Gold少数股东收购Cygnet事项完成后，Watkins Gold将持有Cygnet Gold的100%股权。Cygnet Gold将成为罕王黄金之全资附属公司并将继续为公司附属公司，且Cygnet Gold的财务业绩将继续并入公司财务报表。 ➢邱博士及Cygnet Gold少数股东对罕王黄金增资。基于对Cygnet金矿项目及罕王黄金未来发展的信心，邱博士及Cygnet Gold少数股东拟认购罕王黄金的新发行股份。2025年10月27日，公司附属公司罕王黄金与Qiu Family及Golden Resource（均由邱博士控制）订立认购协议，据此，罕王黄金同意配发及发行，而Qiu Family及GoldenResource同意以每股2.62港元的认购价认购8,700,000股罕王黄金股份（邱博士认购增资），此认购价与公司于2025年9月30日所公布与六名认购人订立的认购协议所载认购价相同。同日，罕王黄金与Cygnet Gold的少数股东订立认购协议，据此，罕王黄金同意配发及发行，而Cygnet Gold的少数股东同意以每股2.62港元之认购价认购合共12,200,000股罕王黄金股份。于增资事项完成后，罕王黄金的已发行股份总数将由2,521,656,383股增加至2,542,556,383股，而集团于罕王黄金的持股权益将由91.19%摊薄至90.44%。罕王黄金将继续为公司的附属公司，罕王黄金的财务业绩将继续并入公司的财务报表。 动向解读 ➢罕王黄金完成公开发售前集资。罕王黄金有限公司于2025年9月30日公告之首次公开发售前集资已完成。认购协议所载的先决条件已获达成，认购事项已于2025年10月13日完成。总计436,550,000股认购股份（约占罕王黄金经发行及配发认购股份扩大后的已发行股本之17.3%）已根据每份认购协议的条款及条件，按认购价每股认购股份2.62港元配发及发行给认购方（包括公司）。罕王黄金通过认购事项收到所得款项总额约为11.4亿港元。如先前该公告所披露，从首次公开发售前集资（包括紫金矿业集团的战略投资以及本次认购事项）筹集的资金将用于开发罕王黄金于澳大利亚的金矿项目。于完成后，罕王黄金由公司持有91.2%的权益，并于建议分拆完成前继续作为公司之非全资附属公司，而公司将通过建议分拆将其持有的罕王黄金股份于有待公布的记录日期分派予各股东（包括紫金矿业集团），从而构建公司与罕王黄金之平行上市架构。 策略建议 ➢盈利预测。我们预测公司2025-2027年归母净利润分别为1.54亿元、1.91亿元、1.94亿元。 风险提示 ➢产品价格波动的风险、地缘风险、监管法规变动的风险。 分析师介绍 分析师庄怀超，拥有北京航空航天大学本科学位和香港大学金融学硕士学位，主要覆盖能源化工和材料行业。 该分析师2022-2024年曾任职于海通国际研究部，团队2022年获得过亚洲货币第一名，该分析师2025年加入环球富盛理财有限公司，继续覆盖化工和新材料行业。环球富盛理财有限公司是一家香港的持牌券商机构，成立于2014年。 该分析师曾在wind发布报告超过600篇，主要覆盖标的包括： 1）化工&化肥：东岳集团、环球新材国际、中国联塑、阜丰集团、中国三江化工、浦林成山、中海石油化学、中国旭阳集团、彩客新能源、天德化工、中国心连心化肥、中化化肥、米高集团、大成生化科技； 2）能源&公用事业：新奥能源、长江基建集团、宏华集团、中海油田服务、安东油田服务、惠生工程； 3）有色&材料：中国宏桥、中广核矿业、紫金黄金国际、万国黄金集团、潼关黄金、中国罕王、信义光能。 微信：zhuangcharles邮箱：charles.zhuang@gpf.com.hk电话：(852)97487114; (86) 188 01353 3537 The Benchmark: Hong Kong Hang Seng IndexTime Horizon: 6 to 18 months SECTOR RATING DEFINITIONThe Benchmark: Hong Kong Hang Seng Index Time Horizon: 6 to 18 months DISCLOSURE OF INTERESTS (1) The Analysts and their associates do not serve as an officer of the issuer mentioned in this Research Report. (2) The Analysts and their associates do not have any financial interests in relation to the issuer mentioned in this Research Report. (3) Global Prosperity Financial Company Limited and/or its subsidiaries do not hold equal to or more than 1% of the market capitalization ofthe issuer mentioned in this Research Report. (4)Global Prosperity Financial Company Limitedand/or its subsidiaries have not had investment banking relationships with the issuermentioned in this Research Report within the preceding 12 months. (5) Global Prosperity Financial Company Limitedand/or its subsidiaries are not making a market in the securities in respect of the issuermentioned in this Research Report. (6) Global Prosperity Financial Company Limitedand/or its subsidiaries have not employed an individual serving as an officer of the issuermentioned in this Research Report. There is no officer of the issuer mentioned in this Research Report associated withGlobal ProsperityFinancial Company Limitedand/or its subsidiaries. DISCLAIMER This Research Report does not constitute an invitation or offer to acquire, purchase or subscribe for securities by Global Prosperity FinancialCompany Limited. Global Prosperity Financial Company Limited and its group companies may do business that relates to companies coveredin research reports, including investment banking, investment services, etc. (for example, the placing agent, lead manager, sponsor,underwriter or invest proprietarily). Any opinions expressed in this report may differ or be contrary to opinions or investment strategies expressed orally or in written form by salespersons, dealers and other professional executives of Global Prosperity Financial Company Limitedgroup of companies. Any opinionsexpressed in this report may differ or be contrary to opinions or investment decisions made by the asset management and investment bankinggroups ofGlobal Prosperity Financial Company Limited. Though best effort has been made to ensure the accuracy of the information and data contained in this Research Report,Global ProsperityFinancial Company Limited does not guarantee the accuracy and completeness of the information and data herein. This ResearchReportmay contain some forward-lookingestimates and forecasts derived from the assumptions of the future political and economic conditions withinherently unpredictable and mutable situation, so uncertainty may contain. Investors should understandand comprehend the investmentobjectives and its related risks, and where necessary consult their own fina