off-the-wire

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

Kitco Media
By Reuters
Published:
Updated:
Reuters
China’s Chifeng Jilong Gold seeks up to $419M in Hong Kong listing teaser image

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)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.