After trading hours on June 2, 2026, Ximei Resources Holding Limited (9936.HK) entered into a placing and subscription agreement with the controlling shareholder seller and joint placing agents—Macquarie, CICC, and Haitong International—to execute a top-up placing plan of up to 34.1 million shares at a placing price of HK$16.10 per share, representing a total subscription amount of approximately HK$549 million. The placement was enthusiastically subscribed by international long-only funds, industrial capital, and international multi-strategy funds.
The net proceeds from this new share subscription stand at approximately HK$537.2 million, all of which will be allocated toward building the primary tantalum and niobium industrial chain across three main areas:
Upstream Mining Strategic M&A and Resource Investment: Acquiring premium global mineral resources to fortify upstream raw material reserves.
Capacity Expansion and Business Upgrades: Expanding domestic hydrometallurgical and pyrometallurgical processing facilities as well as deep-processing production lines to meet growing downstream demand for high-end orders.
Working Capital: The remaining proceeds will supplement the Group’s working capital, covering technology R&D and daily operational expenses to continuously optimize cash flow structure.
Wu Lijue, Chairman and Founder of Ximei Resources, stated:“The successful execution of this placing and its enthusiastic subscription by international long-term funds and industrial investors reflect global capital markets' recognition of the tantalum-niobium rare metals sector as well as our integrated supply chain operational strength. This financing will help the company connect with global mineral resources and expand downstream client relationships. We will continue to refine our upstream resource layout and capacity expansion, steadily increasing our global market share.”
Ximei Resources Holding Limited is a globally renowned manufacturer and operator of tantalum and niobium products. Listed on the Main Board of the Hong Kong Stock Exchange in March 2020, the company specializes in the R&D and production of niobium oxide, tantalum oxide, potassium fluotantalate, and tantalum-niobium metals and products. In recent years, the company has held a domestic market share of around 40% in hydrometallurgical products, with its production capacity for tantalum-niobium metals and products ranking among the top three globally. Its products are widely applied in fields such as AI semiconductors, aerospace, optics, and medical applications.
