Shandong Gold mines for $767m Hong Kong IPO
Shandong Gold Mining launched a HK$6bn ($767m) Hong Kong IPO on Thursday, seeking funds to pay for the acquisition of an Argentinian mine — its first overseas asset.
The company is offering 327.7m primary H-shares in the base deal, or 15% of its enlarged share capital, at between HK$14.70 and HK$18.38 apiece. There is a 15% greenshoe.
CCB International, China Securities International and ICBC International are sponsoring the float.Five cornerstone investors signed up for a combined ...