China's Chifeng Jilong Gold seeks up to $419 million in Hong Kong listing

Zhaojin Mining Industry Co

28/02/2025 02:08

SYDNEY, Feb 28 (Reuters) - China's Chifeng Jilong Gold Mining 600988.SS is seeking to raise up to $419 million in a Hong Kong listing, according to regulatory filings and a term sheet reviewed by Reuters on Friday.

The Shanghai-listed company is selling 205.6 million shares in a price range of HK$13.72 to HK$15.83 per share, the filings showed.

Two cornestone investors which are subsidiaries of Zhaojin Mining 1818.HK and Zijin Mining 601899.SS have subscribed for about $96 million worth of Chifeng stock, according to the filings.

($1 = HK$7.77)

 (Reporting by Scott Murdoch; Editing by Jacqueline Wong)

 ((Scott.Murdoch@thomsonreuters.com;))