Yunnan Jinxun Resources Launches Hong Kong IPO to Raise HK$1.1 Billion

MT Newswires Live2025-12-31

Yunnan Jinxun Resources (HKG:3636) launched its Hong Kong initial public offering on Wednesday, aiming to raise HK$1.10 billion.

The non-ferrous metal processing company is offering 36,765,600 H shares at an indicative price of HK$30 per share, according to a Hong Kong bourse filing.

The offering comprises 3.7 million H shares for Hong Kong investors and 33.1 million H shares for international investors, subject to reallocation and the overallotment option.

The company secured eight cornerstone investors, who committed to subscribing to $60.3 million worth of IPO shares.

The issuer expects to disclose the allocations on Jan. 8 and start trading on the Hong Kong bourse on Jan. 9.

Net proceeds will primarily be used to expand the company's core operations, repay debt, and for working capital.

Huatai Financial Holdings (Hong Kong), CLSA, ABCI Securities, BOCI Asia, TFI Securities and Futures, UOB Kay Hian (Hong Kong), Futu Securities International (Hong Kong), and Tiger Brokers (HK) Global are the joint bookrunners of the IPO.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment