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Zijin Mining Group Co ( (HK:2899) ) just unveiled an update.
Zijin Mining Group Co., Ltd. announced the full exercise of the over-allotment option for its spin-off, Zijin Gold International Company Limited, on the Hong Kong Stock Exchange. The exercise involved 52,348,600 shares, raising approximately HK$3,702.3 million, and reducing Zijin Mining’s indirect interest in Zijin Gold International from 86.70% to 85.00%. The proceeds will be used as outlined in the company’s future plans, with trading of these shares commencing on 13 October 2025.
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 exploration and development of gold and other mineral resources, with a significant market presence in the mining sector.
Average Trading Volume: 61,769,236
Technical Sentiment Signal: Buy
Current Market Cap: HK$864.1B
For a thorough assessment of 2899 stock, go to TipRanks’ Stock Analysis page.