On March 31, 2025, Zhaojin Mining Industry Co., Ltd. (Zhaojin Mining, stock code: 1818.HK) announced the successful placement of 140 million H shares. The new H-shares were placed at an issue price of HKD 14.16 per share, raising approximately HKD 1.98 billion. This was the largest priced placement by a non-ferrous metals manufacturer on the Hong Kong stock market in 2025 to date.
Zhaojin Mining is a leading integrated gold producer and refiner in China. It was incorporated as a joint-stock company in China with the approval of the Shandong Provincial Government on April 16, 2004, and was listed on the Main Board of the Hong Kong Stock Exchange on December 8, 2006.
JunHe acted as the overseas legal counsel to the underwriters and assisted with the drafting of the transaction documents, the negotiation and closing. We assisted Zhaojin Mining in completing its H-share placement and earned high recognition from the client.
The JunHe team was led by partners TAO, Xudong and ZHANG, Ke. JunHe partners ZHANG, Ke, Yuki Chan and YANG, Yinglei were responsible for the specific work.