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The latest announcement is out from Zijin Mining Group Co ( (HK:2899) ).
Zijin Mining Group Co., Ltd. has announced the proposed spin-off and listing of its subsidiary, Zijin Gold International Company Limited, on the Main Board of the Hong Kong Stock Exchange. The listing is expected to occur on September 30, 2025, with shares commencing trading on the same day. This move is part of a global offering that includes an over-allotment option, allowing for the issuance of additional shares to cover over-allocations. The listing is contingent upon approval from the Hong Kong Stock Exchange’s Listing Committee and the fulfillment of underwriting agreements.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$37.00 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 China, primarily engaged in the mining industry. The company focuses on the production and sale of gold and other mineral resources, positioning itself as a significant player in the global mining sector.
YTD Price Performance: 120.50%
Average Trading Volume: 60,089,507
Technical Sentiment Signal: Buy
Current Market Cap: HK$794.3B
For an in-depth examination of 2899 stock, go to TipRanks’ Overview page.