Chifeng Jilong Gold Mining Raises HK$2.7 Billion in Hong Kong IPO Ahead of Monday Debut

MT Newswires Live
Mar 10, 2025

Chifeng Jilong Gold Mining (HKG:6693, SHA:600988) raised about HK$2.68 billion in net proceeds in its Hong Kong IPO before its trading debut on Monday on the Hong Kong Stock Exchange.

The gold mining and selling firm offered 205,652,000 H shares at HK$13.72 apiece, of which 20,565,200 shares were allotted to Hong Kong investors, according to a Friday filing. The Hong Kong shares were 9.53 times subscribed.

The international offering was 3.67 times subscribed, with 215,934,600 H Shares. A total of 30,847,800 were over-allocated.

The cornerstone investors include Gold Mountains (H.K.) International Mining and Sparky International, which subscribed to 54,290,800 shares, or 26.40% of the shares offered.

It will start trading on the Hong Kong bourse on Monday, March 10.

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