Shandong Gold unit eyes Hong Kong IPO

Shandong Gold Mining Co., Ltd. (SSE:600547) announced that its controlling subsidiary, Shanjin International Gold Co., Ltd., has been authorized by its board of directors to begin preparatory work for an overseas issuance of shares (H shares) and a listing on the Hong Kong Stock Exchange. The potential IPO aims to further Shanjin International's global strategy, accelerate overseas business development, solidify its industry position, optimize its capital structure and shareholder base, and diversify its financing channels.