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The latest announcement is out from Zijin Mining Group Co ( (HK:2899) ).
Zijin Mining Group Co., Ltd. has announced the proposed spin-off and listing of its subsidiary, Zijin Gold International Company Limited, on the main board of the Hong Kong Stock Exchange. The global offering will consist of up to 401,339,300 shares, with an offer price of HK$71.59 per share. The listing aims to enhance Zijin Gold International’s market presence, while Zijin Mining Group will retain its subsidiary status. Shareholders are advised to exercise caution, as there is no guarantee the listing will proceed.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$31.00 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.
More about Zijin Mining Group Co
Zijin Mining Group Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, primarily operating in the mining industry. The company focuses on the extraction and production of gold, among other minerals, with a significant market presence in the international mining sector.
Average Trading Volume: 53,946,364
Technical Sentiment Signal: Buy
Current Market Cap: HK$734.4B
See more insights into 2899 stock on TipRanks’ Stock Analysis page.