SEHK:2899
SEHK:2899Metals and Mining

Does Zijin Mining's Over-Allotment Success in Zijin Gold Spin-Off Alter Its Capital Flexibility Narrative (SEHK:2899)?

Zijin Mining Group Co., Ltd. announced that it has completed the full exercise of the over-allotment option in its spin-off of Zijin Gold International Company Limited on the Hong Kong Stock Exchange, raising approximately HK$3.70 billion through the sale of 52,348,600 shares and reducing its indirect stake from 86.70% to 85.00%. This move provides Zijin Mining with additional capital for future plans while signalling continued progress in restructuring and refining its corporate...