DLA Piper Advised Chifeng Jilong Gold Mining On HKD 2.8 Billion IPO And H-Share Listing On HKEX
DLA Piper Advised Chifeng Jilong Gold Mining On HKD 2.8 Billion IPO And H-Share Listing On HKEX
DLA Piper advised Chifeng Jilong Gold Mining Co., Ltd. (6693.HK) on its initial public offering (IPO) and H-share listing on the Main Board of the Hong Kong Stock Exchange (HKEX) on March 10, 2025.
As one of China’s largest private gold producers, Chifeng Gold is recognized as a leading and rapidly growing player in the PRC’s mining sector. Through this landmark listing, Chifeng Gold successfully raised approximately HKD 2.8 billion, with proceeds potentially reaching HKD 3.2 billion if the over-allotment option is fully exercised. This IPO also marks a dual A+H listing on both the Shanghai Stock Exchange and HKEX.
The transaction represents the largest Hong Kong IPO for a mineral company under Chapter 18 of the Hong Kong Listing Rules since 2023. CITIC Securities (Hong Kong) Limited acted as the sole sponsor for the IPO.
Chifeng Gold CEO Lydia Yang on DLA Piper’s Role, Said "Throughout the entire listing process, the DLA Piper team led by George demonstrated outstanding professional competence and professionalism. At key points in the listing process, they worked side by side with the Company, actively assisted in resolving challenges, and led the drafting of the highly professional and technical prospectus for a mining company with quality and efficiency, ensuring the successful listing of the IPO project in less than a year. DLA Piper was fully committed throughout, providing a solid guarantee for the Company’s path to listing."
The DLA Piper team advising on the transaction was led by George Wu (Partner, Co-Head of Equity Capital Markets, EMEA), with support from: Senior Associates – Evonne Zhong, Jack Li; Legal Officer – Ivy Chung; Legal Assistants – Shiyu Fang, Charlotte Wang; Trainee Solicitor – Lily Choi ; Corporate Associates (Shanghai Kaiman Law Firm) – Jennifer Chen, Jenny Wang, Sophia Sun
