Hanking Gold completes pre-IPO capital raising for Australian projects

China Hanking Holdings Limited announced the completion of Hanking Gold Limited’s pre-IPO capital raising on October 13, 2025. The transaction involved the allotment and issue of 436,550,000 Subscription Shares at HK$2.62 per share, representing approximately 17.3% of Hanking Gold's enlarged issued share capital.

Hanking Gold received total gross proceeds of approximately HK$1.14 billion from the Subscription. These funds, combined with Zijin Mining Group's strategic investment and other pre-IPO capital, are earmarked for the development of Hanking Gold's Australian Gold Mining Projects.

Following the completion, China Hanking Holdings' ownership in Hanking Gold is 91.2%, making it a non-wholly-owned subsidiary. The company plans a spin-off, distributing Hanking Gold shares to shareholders, including Zijin Mining Group, to create a parallel listing structure.