Lates News

According to an announcement submitted to the Hong Kong Stock Exchange, Jiaxin International Resources will issue approximately 109.8 million shares in Hong Kong at a price of 10.92 Hong Kong dollars per share. Calculations show that the company will raise approximately 1.2 billion Hong Kong dollars through the issuance of shares in Hong Kong. The stocks will begin trading on August 28th. Jiaxin International Resources will be dual-listed on the Hong Kong Stock Exchange and the Astana International Exchange (AIX) in Kazakhstan. A preliminary filing indicates that approximately 1.3 million shares will be issued on the AIX, accounting for around 1.2% of the total number of shares issued globally. China International Capital Corporation is the exclusive sponsor.