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<IPO>Zijin Gold Int'l to Raise HK IPO Fundraising Scale to >US$3B
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Zijin Gold International plans to increase its Hong Kong IPO fundraising scale from US$2 billion to at least US$3 billion, Reuters' IFR quoted sources as saying. Previously, it was rumored that Zijin Gold International planned to list in Hong Kong as early as September, raising approx. US$2 billion, with Morgan Stanley and CITIC Securities being its joint sponsors. Zijin Gold International is a leading global gold mining enterprise, formed by integrating all gold mines owned by ZIJIN MINING (02899.HK) (excluding those in China). The Company is primarily engaged in the exploration, mining, processing, smelting, refining and sales of gold. Last year, the Company's profit attributable to the parent company surged by over 1x YoY to US$481 million. AASTOCKS Financial News Website: www.aastocks.com |
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