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<IPO>ZIJIN MINING's Subsidiary Zijin Gold Int'l Plans USD3B+ HK IPO, Possibly This Mth
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ZIJIN MINING (02899.HK)’s international business arm, Zijin Gold International, plans to conduct an IPO in Hong Kong that could raise over USD3 billion, potentially becoming the second-largest listing globally this year, Bloomberg, citing informed sources, reported. If the transaction proceeds as planned, it will be the largest global listing since CATL (03750.HK) raised USD5.3 billion in its H-share listing in May, according to data compiled by Bloomberg. The size and timing of Zijin Gold International's IPO are still subject to change, with discussions ongoing, informed sources indicated. One source mentioned that the listing could occur as early as this month, with investor interest exceptionally strong due to gold prices hovering near historical highs. AASTOCKS Financial News Website: www.aastocks.com |
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