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Gold miner Shanjin Int’l said to pick banks for Hong Kong listing

Pei Li, Julia Fioretti and Chongjing Li / Bloomberg
Pei Li, Julia Fioretti and Chongjing Li / Bloomberg • 1 min read
Gold miner Shanjin Int’l said to pick banks for Hong Kong listing
Shanjin International has climbed 24% in Shenzhen this year, giving it a market capitalisation of 53 billion yuan ($9.45 billion). Photo: Bloomberg
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Shanjin International Gold has picked banks for a Hong Kong listing, according to people familiar with the matter, as the Chinese miner seeks to take advantage of high bullion prices.

The unit of state-backed Shandong Gold Mining is working with Citic Securities, China International Capital and UBS Group on the planned share sale, the people said, asking not to be identified because the information isn’t public.

Deliberations over details such as the size and timing of the listing are ongoing, the people said.

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