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Zijin Mining (2899 HK): Fully Valued Ahead Of (Expected) Gold Unit Spin-Off
1k Views12 Jun 2025 14:54
A spin-off makes sense as Zijin capitalises on the upward cycle in gold prices. However, I see Zijin trading at a single-digit discount to NAV. Before any holding company discount.
What is covered in the Full Insight:
- Introduction
- Spin-Off Details
- Financial Performance
- Market Sentiments
- Peer Comparison
Boomeranged on Thu, 28 Aug 2025 11:16
The record date for 1) entitlement to the Zijin Gold offering and 2) interim divi, will be the 12 Sept. The last day for dealing in the H shares cum-entitlement/divi will be the 9 Sept. If the listing proceeds, an assured entitlement of 5.0% of Zijin Gold shares under the global offering will be offered to Zijin Mining H-shareholders. This development suggests the IPO is likely to occur next month
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