China’s Chifeng Jilong Gold seeks up to $419M in Hong Kong listing
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 cornerstone investors which are subsidiaries of Zhaojin Mining and Zijin Mining have subscribed for about $96 million worth of Chifeng stock, according to the filings.
($1 = HK$7.77)
(By Scott Murdoch; Editing by Jacqueline Wong)
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