US EditionZijin plans Hong Kong listing of gold arm as metal hits $3,500 per ounce
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Zijin plans Hong Kong listing of gold arm as metal hits $3,500 per ounce
Chinese mining company Zijin Mining plans to spin off its gold business and list it on the Hong Kong stock exchange, with Citic Securities and Morgan Stanley serving as advisors. The goal is to benefit from the current surge in precious metal prices. Anonymous sources told Bloomberg that it has not been revealed when the new company's IPO could take place or how large it will be, but plans are already underway. Zijin announced in late April that…
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