Ximei Resources Adjusts Share Placement Timeline and Details Use of Proceeds
Ximei Resources Holding Ltd. (HK:9936) has announced a change in its share placement timeline, moving the Long Stop Date from 20 October 2025 to 3 October 2025. The company plans to use the estimated net proceeds of approximately HK$98.5 million for general working capital, with allocations of HK$59.1 million for raw material procurement and HK$39.4 million for operational expenses, expected to be fully utilized by the end of 2026. Analysts rate the stock as a Buy with a target price of HK$7.00.
Ximei Resources Holding Ltd. ( (HK:9936) ) has issued an announcement.
Ximei Resources Holding Limited announced a supplemental agreement to amend the Long Stop Date for its new share placement under a general mandate from 20 October 2025 to 3 October 2025. The company plans to use the estimated net proceeds of approximately HK$98.5 million as general working capital, allocating around HK$59.1 million for raw material procurement and HK$39.4 million for operational expenses, with full utilization expected by the end of 2026.
The most recent analyst rating on (HK:9936) stock is a Buy with a HK$7.00 price target. To see the full list of analyst forecasts on Ximei Resources Holding Ltd. stock, see the HK:9936 Stock Forecast page.
More about Ximei Resources Holding Ltd.
Ximei Resources Holding Limited is a company incorporated in the Cayman Islands, primarily engaged in the procurement of raw materials such as tantalite and columbite. The company focuses on the resources industry, providing essential materials for various industrial applications.
Average Trading Volume: 562,734
Technical Sentiment Signal: Buy
Current Market Cap: HK$2B
For a thorough assessment of 9936 stock, go to TipRanks’ Stock Analysis page.
