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<IPO>Copper Cathode Producer JINXUN RESOURCE (03636.HK) IPO Starts Tdy, Attracting Glencore as Cornerstone Investor
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JINXUN RESOURCE (03636.HK), which operates copper cathode smelting business in DR Congo and Zambia, announced its IPO in Hong Kong, planning to issue 36.7656 million H-shares globally, with the Hong Kong public offering accounting for approx. 10% and the international placement accounting for about 90%. The offer price is set at $30 per share, aiming to raise up to approx. $1.1 billion. The entry fee for a board lot of 200 shares will be around $6,060.51. The IPO period starts today (31 December) and will end on 6 January 2026, with the expected listing date on 9 January 2026. Huatai International is its sole sponsor. JINXUN RESOURCE introduced eight cornerstone investors for the IPO, including Glencore, Stoneylake Global, North Rock, Zhengxin Group and SUNWODA (300207.SZ), collectively subscribing for shares equivalent to approx. US$60.26 million, involving about 15.6272 million shares based on its offer price, accounting for about 42.5% of the shares offered. AASTOCKS Financial News Website: www.aastocks.com |
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