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<IPO>ZIJIN MINING Plans Ring-fence of Subsidiary Zijin Gold International for HK Listing
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ZIJIN MINING (02899.HK)(601899.SH) announced plans to spin off its subsidiary, Zijin Gold International Company Limited, for listing on the Hong Kong Stock Exchange. The number of shares to be issued will not exceed 15% of Zijin Gold International's total share capital after the issuance. The group believed this spin-off is a strategic move to capitalize on industry cycles and policy benefits, providing investors with a rare opportunity to participate in the reshaping of gold asset pricing logic. Prior to the spin-off, ZIJIN MINING plans to restructure and integrate several overseas gold mining assets under Zijin Gold International. The related restructuring work is currently underway. AASTOCKS Financial News Website: www.aastocks.com |
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