Zijin Mining Group Plans Spin-off and Listing of Subsidiary on Hong Kong Stock Exchange

Zijin Mining Group Co ( (HK:2899) ) has provided an announcement.

Zijin Mining Group Co., Ltd. has announced its first extraordinary general meeting in 2025 to discuss and approve the spin-off and listing of its subsidiary, Zijin Gold International Company Limited, on the Hong Kong Stock Exchange. This strategic move is aimed at enhancing the company’s operational independence and sustainable growth, while safeguarding the interests of shareholders and creditors. Additionally, the meeting will address the Employee Stock Ownership Scheme for 2025, reflecting Zijin’s commitment to aligning employee interests with corporate objectives.

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 leading Chinese mining company primarily engaged in the exploration and development of gold, copper, and other mineral resources. The company is focused on expanding its operations and market presence through strategic initiatives such as spin-offs and listings.

Average Trading Volume: 67,770,230

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$516.4B

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