Gold miner mixed ahead of debut

Chifeng Jilong Gold Mining (6693) makes its debut on the Hong Kong Stock Exchange today, after delivering a mixed performance in the grey market on Friday.

The mainland-listed gold miner opened 5 percent higher than its offer price of HK$13.72, the lower end of price range, before closing 0.3 percent lower at HK$13.68 on Phillip Securities' platform, giving a paper loss of HK$8 on per board lot of 200 shares.

However, its shares closed 0.4 percent and 0.6 percent higher from the offer price on Futu Securities' and Bright Smart Securities' platforms.

Chifeng had raised HK$2.8 billion in its initial public offering.

In other news, Chinese IT services company Unisplendour announced on the Shenzhen Stock Exchange that it plans a listing in Hong Kong. Earlier reports indicated that the firm plans to raise up to US$1 billion (HK$7.8 billion) in the share sale.

Staff reporter