China’s Chifeng Jilong Gold seeks up to $419M in Hong Kong listing

China’s Chifeng Jilong Gold Mining is seeking to raise up to $419 million in a Hong Kong listing, according to regulatory filings and a term sheet reviewed by Reuters on Friday.

The Shanghai-listed company is selling 205.6 million shares in a price range of HK$13.72 to HK$15.83 per share, the filings showed.

Two cornerstone investors which are subsidiaries of Zhaojin Mining and Zijin Mining have subscribed for about $96 million worth of Chifeng stock, according to the filings.

($1 = HK$7.77)

(By Scott Murdoch; Editing by Jacqueline Wong)

Reuters

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China’s Chifeng Jilong Gold seeks up to $419M in Hong Kong listing

By Reuters

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