Linklaters advises on Chifeng Gold’s HK$2.82bn HKEX debut
Linklaters acted as the Hong Kong and US counsel for the sole sponsor and the underwriters on the global offering and successful listing of H shares of Chifeng Jilong Gold Mining Co., Ltd. (Chifeng Gold) on the Main Board of the Hong Kong Stock Exchange (HKEX), raising approximately HK$2.82bn. This IPO represents the third “A+H” gold stock on the HKEX.
Chifeng Gold is a fast-growing international gold producer, mainly engaged in the mining, processing and sales of gold globally. As the largest non-state-owned gold producer with leading growth in gold production and revenue in China, Chifeng Gold owns and operates seven gold and polymetallic mines across the world, including China, Southeast Asia, and West Africa.
The Linklaters team was led by Partner and Head of Equity Capital Markets, Greater China, Christine Xu, along with Special Senior Adviser and New Economy Team Leader (Greater China), Oliver Zhong, and counsel Samson Chan.
Partner and Head of Equity Capital Markets, Greater China, Christine Xu commented:
“We are honoured to have supported Chifeng Gold in their successful HKEX debut. This transaction highlights the trend of A-share listed companies actively pursuing H-share listings in Hong Kong and builds on our team’s successful track record of advising on clients on sophisticated cross-border transactions such as A+H listings.”
Linklaters’ highly experienced Greater China ECM team provides seamless legal support on pre-IPO investments, IPOs, post-listing compliance and equity financing. The team has advised on a number of high-profile listings of H-share listing and IPO on the HKEX, including the H-share listing for China Tourism Group Duty Free Corporation (the largest Hong Kong IPO in 2022), Laopu Gold’s H-share listing in 2023, and Shandong Gold Mining’s H-share listing (which is another “A+H” gold stock on HKEX). The successful H-share listing of Chifeng Gold reinforces Linklaters’ position as a trusted advisor in supporting clients as they realise their strategic goals in the international markets.
