06693 赤峰黃金
CHIFENG GOLD
CHIFENG GOLD
| Register Close | 2025/03/05 IPO Closing in 2 Days |
| Listing Date | 2025/03/10 |
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IPO Detail
COMPANY PROFILE
Chifeng Jilong Gold Mining Co., Ltd. is principally engaged in the mining, processing, and sales of gold. As of February 10, 2025, the Group owned and operated seven gold and polymetallic mines across the world, including China, Southeast Asia, and West Africa.
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According to Frost & Sullivan, the Group experienced the fastest growth among major gold producers in China. From 2021 to 2023, the Group’s gold production achieved a CAGR of 33.1%. The Group ranked fifth among gold producers in China in terms of gold Resources, with gold Resources of 12.5 million oz as of September 30, 2024, and it ranked fifth among gold producers in China in terms of gold production, with gold production of 461.5 koz in 2023.
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The Group conducted its gold production business primarily through six gold mines, including: four mines in the PRC, namely the Jilong Gold Mine, Wulong Gold Mine, Jintai Gold Mine and Huatai Gold Mine; one mine in Laos, namely the Sepon Gold and Copper Mine; and one mine in Ghana, namely the Wassa Gold Mine. Furthermore, the Group operates one polymetallic mine in Jilin Province, China, namely the Hanfeng Polymetallic Mine, the principal products of which are zinc, lead, copper and molybdenum concentrate powder. Also, the Group is planning to develop rare earth Resources in Laos. In addition to the Group’s mining business, it has a resource recycling business, where it recycle waste electronic products and electrical appliances.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Gold & Precious Metals |
| Major Business Area | China |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 205.65M H shares |
| No. of International Offer Shares | 185.09M H shares |
| No. of HK Offer Shares | 20.57M H shares |
| Offer Price | $13.72 - $15.83 |
| Stock Code | 6693 |
| Sponsor(s) | CITIC Securities (Hong Kong) Limited |
| Underwriter(s) | CLSA Limited, Macquarie Capital Limited, China International Capital Corporation Hong Kong Securities Limited, ABCI Securities Company Limited, BOCI Asia Limited, ICBC International Securities Limited, Huatai Financial Holdings (Hong Kong) Limited, CCB International Capital Limited, Futu Securities International (Hong Kong) Limited, Livermore Holdings Limited, Shenwan Hongyuan Securities (H.K.) Limited, Victory Securities Company Limited, Star River Securities Limited, Tiger Brokers (HK) Global Limited, First Shanghai Securities Limited |
TIME TABLE
| Application Period | Feb 28 (Fri) - noon, Mar 05 (Wed) |
| Price Determination Date | Mar 06 (Thu) |
| Result Announcement Date | On or before Mar 07 (Fri) |
| Result Announcement Date | On or before Mar 07 (Fri) |
| Result Announcement Date | On or before Mar 10 (Mon) |
| Dealings in Shares commence on | Mar 10, 2025. (Mon) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $13.72 - $15.83 |
| Capitalization | 38.44B - 38.87B |
| NAV / share ($) | $2.03 - $2.26 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 14.78, the net proceeds raised would be HKD 2.89B, of which |
| 50% : Upgrade and exploration of existing mines |
| 40% : Potential acquisition |
| 10% : General corporate purposes |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).