China’s Chifeng Jilong Gold Mining 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.
Reuters
