Shandong Gold mines for $767m Hong Kong IPO

gold bar
By John Loh
13 Sep 2018

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 ...

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