International gold is being reduced by shareholders and is planning to launch a rights issue for fundraising with old shares being prioritized over new shares.

World Gold Corporation announced that it plans to raise funds by selling shares to several investors in a phased manner, starting with existing shareholders and then new ones. A shareholder has been informed of this plan and the company also plans to reduce its holdings by selling a certain number of shares through placement. None of the shares will be sold to related parties. According to the sales document, the company is seeking to sell 22.5 million shares at a price between 32.55 and 33.25 Hong Kong dollars per share, with a discount of 5% to 7% compared to the closing price of yesterday, raising up to a maximum of 748 million Hong Kong dollars. Prominence Investment Holding will also sell 7.5 million shares at the same price, raising up to 249 million Hong Kong dollars.