Market Chatter: Zijin Gold Raises Hong Kong IPO Target to At Least $3 Billion

MT Newswires Live
2025/09/04

Zijin Gold International, being spun off from Zijin Mining (HKG:2899), is expected to raise at least $3 billion, or HK$23.4 billion, in a Hong Kong initial public offering, The Standard reported Wednesday, citing IFR.

The planned fundraising is about 50% higher than the company's earlier $2 billion target, according to the report.

Proceeds will be used to repay a loan for the acquisition of Kazakhstan's Raygorodok gold mine, as well as to upgrade and build projects aimed at boosting production capacity and exploration, the report added.

Morgan Stanley and CITIC Securities (HKG:6030, SHA:600030) are reportedly the joint sponsors of the listing.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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