JINXUN RESOURCE (03636.HK) -2.120 (-7.970%) , 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.Related News G Sachs Lowers TP for MSCI China Index and CSI 300 Index by 5% and 4%, Still Recommends Overweight on A Shares and H SharesThe 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) -1.230 (-4.970%) , 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.(HK stocks quote is delayed for at least 15 mins.) (A Shares quote is delayed for at least 15 mins.)
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