Upon listing, the Chinese incorporated Shandong Gold Mining Co. became dual-listed, with shares already listed on the Shanghai Stock Exchange. The company is among one of the largest gold producers listed in China and Hong Kong that operate in China, with a 6.9% market share in China in terms of 2017 gold mine volume in China. As of March this year, the group controlled and operated 12 mines in China, as well as jointly operating with Barrick Gold, a leading global gold company, the Veladero mine in Argentina, being the largest gold mine in Argentina and in South America in terms of 2017 gold mine production volume.
Vincent commented ‘We were delighted to act for Shandong Gold again on this substantial listing, after its USD 960 million acquisition of a 50% stake in Veladero mine from Barrick Gold last year, further cementing the teams reputation as leading specialists for IPO and M&A work‘.
Appleby Hong Kong has seen a significant increase in their IPO and listing work in 2018, with the volume of listings in Hong Kong alone increasing 85% year on year in the first half of 2018. The highly experienced Capital Markets team continues to lead in this market providing clients with expert advice to navigate increasingly heightened listing and regulatory requirements.