Chifeng Jilong Gold Mining (HKG:6693, SHA:600988) launched its initial public offering in Hong Kong on Friday, seeking to raise up to HK$3.26 billion from the deal.
The Shanghai-listed gold miner is offering up to 205,652,000 shares expected to be priced between HK$13.72 and HK$15.83 per share, according to a Friday filing with the Hong Kong Stock Exchange.
Chifeng Jilong Gold Mining expects to determine the IPO price on March 6 and disclose allocation results on March 7. Shares will begin trading on the stock exchange on March 10.
The miner intends to use the proceeds to upgrade and explore existing mines, and fund potential acquisitions and general working capital.
Chifeng Jilong attracted Zijin Mining (HKG:2899, SHA:601899) subsidiary Gold Mountains (H.K.) International Mining and Zhaojin Mining (HKG:1818)-controlled Sparky International as cornerstone investors.
ABCI Capital, ABCI Securities, BOCI Asia, ICBC International Securities, Huatai Financial Holdings (Hong Kong), CCB International Capital, First Shanghai Securities, Futu Securities International (Hong Kong), Livermore Holdings, Shenwan Hongyuan Securities (H.K.), The Standard Bank of South Africa, Victory Securities, Star River Securities, and Tiger Brokers (HK) Global, are the joint bookrunners and lead managers of the IPO.
Meanwhile, its shares in Shanghai slipped 2% during Friday's late morning trading.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。