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An update from Zijin Mining Group Co ( (HK:2899) ) is now available.
Zijin Mining Group Co., Ltd. has announced an update regarding 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 company has determined the basis of the Assured Entitlement for Qualifying H Shareholders to Reserved Shares in a Preferential Offering, set at one Reserved Share for every 344 H Shares held. The implementation of the overseas listing is contingent upon approval from the Hong Kong Stock Exchange and market conditions, and there is no assurance that the listing will occur. Shareholders and potential investors are advised to exercise caution, as changes to the entitlement basis or the listing process may occur.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$31.00 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 the People’s Republic of China, primarily operating in the mining industry. The company focuses on the exploration, mining, and production of gold and other mineral resources, positioning itself as a significant player in the global mining sector.
Average Trading Volume: 52,337,096
Technical Sentiment Signal: Buy
Current Market Cap: HK$747.6B
For an in-depth examination of 2899 stock, go to TipRanks’ Overview page.