China Hanking Holdings Ltd. has announced the proposed spin-off and separate listing of its subsidiary, Hanking Gold Limited, on the main board of the Stock Exchange of Hong Kong. Hanking Gold, incorporated in the Cayman Islands, will offer ordinary shares with a par value of USD0.00001 each. The company has been engaged in developing gold projects in Australia since 2011, managing four projects: SXO, Coolgardie, Mt Bundy, and Cygnet. This move aims to establish an independent capital platform for Hanking Gold's operations.
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