Zijin Mining plans spin-off of Zijin Gold International

Zijin Mining Group Co., Ltd. (HKEX:2899) has announced its intention to spin off its subsidiary, Zijin Gold International Company Limited, for a separate listing on the Hong Kong Stock Exchange. According to a regulatory announcement, while a corresponding version of this news may or may not be published on the English section of the company website, the issuer released it in Chinese section. This strategic move aims to enhance the valuation and operational focus of both Zijin Mining and its gold-focused international arm. Further details regarding the spin-off, including listing timelines, offering size, and expected benefits, are anticipated to be disclosed in subsequent announcements. The decision reflects Zijin Mining's broader strategy to optimize its corporate structure and unlock shareholder value by allowing Zijin Gold International to pursue independent growth opportunities in the global gold market.