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<IPO>ZIJIN GOLD INTL IPO Starts Tdy w/ Entry Fee HKD7,231; GIC, ZHAOJIN MINING Among 29 Cornerstone Investors
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ZIJIN GOLD INTL (02259.HK), a company spun off from ZIJIN MINING (02899.HK), launched a Hong Kong public offering and preferential offering today (19th). The company proposes to offer 348.99 million shares globally, with the Hong Kong public offering accounting for 10% (about 34.8991 million shares) and the international offering accounting for 90% (about 314.09 million shares). The offer price is HKD71.59 per share, which is expected to raise around HKD24.98 billion. The entry fee for a board lot of 100 shares will be around HKD7,231.19. The Hong Kong public offering and preferential offering will close at noon next Wednesday (24th), with the listing expected on September 29. The joint sponsors are Morgan Stanley and CITIC Securities. Based on the offer price of HKD71.59 per share, the net proceeds from the fundraising are estimated to reach around HKD24.47 billion. This IPO has attracted 29 cornerstone investors, including Singapore's GIC, BlackRock (BLK.US), Schroders, Perseverance Asset Management, CPIC (02601.HK), GF International under GF SEC (01776.HK), and Sparky International under ZHAOJIN MINING (01818.HK). Their collective subscription of 174.16 million shares (equivalent to around HKD12.468 billion) accounts for about 49.9% of the offered shares. AAStocks Financial News |
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