China’s Zijin Gold International said on Wednesday it was delaying its Hong Kong listing debut by a day to September 30 due to a super typhoon sweeping through the city and disrupting business.
Zijin Gold opened its books for the Hong Kong initial public offering on September 19 and was planning to close bookbuilding on Wednesday and list on September 29.
The timetable will be postponed, the company said in a filing to the Hong Kong Stock Exchange.
Super Typhoon Ragasa, the world’s most powerful tropical cyclone this year, lashed Hong Kong with hurricane-force winds and torrential rain.
Authorities issued a typhoon signal 10, its highest warning, which urges businesses and transport services to shut down.
Zijin Gold, a wholly owned unit of China’s Zijin Mining that operates the group’s gold mines outside China, is selling 349 million shares at HK$71.59 apiece, aiming to raise $3.2 billion in the float.
Reuters
