Lingbao Gold Acquires Remaining Simberi Stake at 26% Discount to Appraised Value

Lingbao Gold Group (3330.HK) has disclosed the acquisition of the remaining 50%-1 share of its Simberi subsidiary. The cash portion of the acquisition represents a 26.0% discount to the appraised intrinsic value, and the combined cash-plus-royalty structure is below the standalone value of the asset even under stress-tested gold price extremes.