Zijin Mining Plans Spin-off and Listing of Subsidiary

Zijin Mining Group Co ( (HK:2899) ) just unveiled an announcement.

Zijin Mining Group Co., Ltd. has announced the convening of its second H Shareholders’ Class Meeting in 2025 to discuss and approve a special resolution. The resolution pertains to the provision of assured entitlement to H Shareholders in connection with the planned spin-off and listing of its subsidiary, Zijin Gold International Company Limited, on the Main Board of the Hong Kong Stock Exchange. This move is likely to impact the company’s market positioning and could have implications for its stakeholders.

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, primarily engaged in the mining industry. The company focuses on the exploration and production of mineral resources, with a significant emphasis on gold and other precious metals.

Average Trading Volume: 67,770,230

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$516.4B

For an in-depth examination of 2899 stock, go to TipRanks’ Stock Analysis page.