China's Zhaojin Mining slips on discounted share sale

Zhaojin Mining Industry

24/03/2025 03:08

** Zhaojin Mining Industry 1818.HK falls 3.6% to HK$14.5, lowest since March 13

** Stock on course for third straight session of decline

** Chinese gold miner plans sale of 140 mln new shares to third party investors to raise up to HK$1.98 bln ($254.7 mln) to replenish working capital, repay banks

** New shares will be sold at HK$14.16, representing 5.85% discount to Friday's close

** Stock gains 36.3% YTD

($1 = HK$7.7733)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))