Zijin Mining Group Co ( (HK:2899) ) has shared an update.
Zijin Mining Group Co., Ltd. has announced plans to spin off and list its overseas gold mine assets under a new subsidiary, Zijin Gold International Company Limited, on the Hong Kong Stock Exchange. This strategic move aims to accelerate the company’s internationalization process, enhance asset valuation, and attract high-quality international investors. While the proposal is still in the preliminary stages and subject to regulatory approvals, it is expected to bolster Zijin’s market position and provide greater value to shareholders amid rising gold prices.
More about Zijin Mining Group Co
Zijin Mining Group Co., Ltd. is a prominent player in the mining industry, primarily focusing on the exploration and production of gold and other minerals. The company is working towards international expansion, particularly in its gold segment, with a focus on building a leading international gold company.
YTD Price Performance: 16.11%
Average Trading Volume: 58,318
Technical Sentiment Signal: Strong Sell
Current Market Cap: $62.88B
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