ZIJIN GOLD INTL (02259.HK)  -6.000 (-4.289%)   , a company spun off from ZIJIN MINING (02899.HK)  -0.120 (-0.370%)    Short selling $459.28M; Ratio 21.368%   , launched a Hong Kong public offering and preferential offering today (19th).

The company proposes to offer 348.99 million shares globally, with the Hong Kong public offering accounting for 10% (about 34.8991 million shares) and the international offering accounting for 90% (about 314.09 million shares). The offer price is HKD71.59 per share, which is expected to raise around HKD24.98 billion. The entry fee for a board lot of 100 shares will be around HKD7,231.19.

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The Hong Kong public offering and preferential offering will close at noon next Wednesday (24th), with the listing expected on September 29. The joint sponsors are Morgan Stanley and CITIC Securities.

Based on the offer price of HKD71.59 per share, the net proceeds from the fundraising are estimated to reach around HKD24.47 billion.

This IPO has attracted 29 cornerstone investors, including Singapore's GIC, BlackRock (BLK.US)      , Schroders, Perseverance Asset Management, CPIC (02601.HK)  +0.840 (+2.643%)    Short selling $201.06M; Ratio 32.800%   , GF International under GF SEC (01776.HK)  +0.120 (+0.634%)    Short selling $28.01M; Ratio 11.158%   , and Sparky International under ZHAOJIN MINING (01818.HK)  +0.020 (+0.066%)    Short selling $66.47M; Ratio 13.203%   . Their collective subscription of 174.16 million shares (equivalent to around HKD12.468 billion) accounts for about 49.9% of the offered shares.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-10-21 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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