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<IPO>Zijin Gold Int'l Clears HK Listing Hearing
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Zijin Gold International, the international gold mining business spun off from ZIJIN MINING (02899.HK), passed the listing hearing in Hong Kong. The joint sponsors are Morgan Stanley and CITIC Securities.

Zijin Gold International is one of the world's leading gold mining companies, formed by integrating all gold mines of Zijin Mining (except those in China). It primarily engages in the exploration, mining, processing, smelting, refining, and sales of gold.

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For the first half of the year ending June, Zijin Gold International reported a revenue of USD1.997 billion, up 42.3% YoY; and net profit swelled by 1.4 times to USD520 million, with EPS of US23 cents.

Previously, Bloomberg had cited sources indicating that Zijin Gold International plans to raise more than USD3 billion through its IPO, potentially listing as early as this month, and it is expected to be the largest global IPO since CATL (03750.HK).
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