Shanjin International Gold files for Hong Kong listing

Shenzhen-listed Shanjin International Gold has filed with the Hong Kong Stock Exchange to list H-shares on the main board, becoming another mainland gold producer seeking a Hong Kong listing following Zijin Gold International (2259).

Shandong Gold Mining (1787) holds a 28.89 percent stake in the company. According to Shanjin’s preliminary prospectus, the firm ranks sixth among Chinese gold producers in output and fourth in gold reserves.

Shanjin reported a 48 percent rise in first-half profit to 1.77 billion yuan (HK$1.93 billion) and a 42 percent increase in revenue to 9.24 billion yuan.

STAFF REPORTER