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ZIJIN GOLD INTL Soars 6% on RMB28B Full Acquisition of Allied Gold Corporation
Recommend 4 Positive 15 Negative 11 |
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ZIJIN MINING (02899.HK) and ZIJIN GOLD INTL (02259.HK) jointly announced that ZIJIN GOLD INTL plans to acquire the entire equity of Allied Gold Corporation (AAUC.US) for a total cash consideration of CAD5.5 billion (approximately RMB28 billion). Upon the completion of the Transaction, ZIJIN GOLD INTL's asset portfolio will expand to 12 large-scale gold mines across 12 countries. ZIJIN GOLD INTL opened 2.97% higher today (27th) and extended its gains, reaching a peak of HKD223.4. It last traded at HKD221.4, up 6.03%, with a turnover of 1.7042 million shares, involving HKD373 million. ZIJIN MINING last stood at HKD43.8, up 3.84%, with a turnover of 21.7032 million shares, involving HKD939 million. Separately, gold prices continued to break records, briefly surpassing USD5,100 per ounce. Spot gold last jumped up 1.15% at USD5,066.06, while gold futures for February delivery inched down 0.4% at USD5,063.2. AASTOCKS Financial News Website: www.aastocks.com |
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