Overview

• The prospectus details an offering of 349 million shares at HK$71.59 each.
• Trading is scheduled to start on September 29 in what is set to be Hong Kong’s second-largest IPO of 2025 after CATL’s May listing.
• GIC and Hillhouse will each invest $150 million as cornerstone buyers, with BlackRock and Schroders committing $120 million each.
• Zijin Gold, which operates Zijin Mining’s gold assets outside China, plans to deploy proceeds over five years to upgrade and build out existing mines to enhance production.
• Morgan Stanley and CITIC Securities are joint sponsors, and 29 cornerstone investors have subscribed about HK$12.47 billion, roughly half the deal under new allotment rules.