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Zijin Mining Group Co ( (HK:2899) ) has issued an announcement.
Zijin Mining Group Co., Ltd. has announced its intention to spin off and list its wholly-owned subsidiary, Zijin Gold International, on the Main Board of the Hong Kong Stock Exchange. This strategic move, pending approval from the Hong Kong Stock Exchange and subject to market conditions, aims to enhance Zijin Mining’s operational focus and potentially increase shareholder value. Shareholders and investors are advised to exercise caution as the listing process is contingent on various factors.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$21.50 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, operating in the mining industry. The company primarily focuses on the extraction and production of gold and other minerals, aiming to strengthen its market position through strategic expansions and listings.
YTD Price Performance: 47.55%
Average Trading Volume: 61,534,310
Technical Sentiment Signal: Buy
Current Market Cap: HK$567.3B
For an in-depth examination of 2899 stock, go to TipRanks’ Overview page.