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Article: Zijin Mining sets price range for Shanghai IPO.
- Article from:
- China Business News
- Article date:
- April 15, 2008
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Zijin Mining sets price range for Shanghai IPO
Shanghai. April 15. INTERFAX-CHINA - Hong Kong-listed Zijin Mining Group Co. Ltd., China's leading gold miner, has set an indicative price range of between RMB 6.88 ($0.98) and RMB 7.13 ($1.02) per share for it's upcoming A-share issuance in Shanghai, the company announced today.
On the basis of this price range, Zijin Mining will raise RMB 9.63 billion ($1.38 billion) to RMB 9.98 billion ($1.43 billion) from its planned issuance of 1.4 billion A-shares.
"Though the price range stands a bit higher than Zijin Mining's closing price of HKD 7.48 ($1.07) in Hong Kong yesterday, the price range is ...