Zijin Golden International began evaluating investors' interest in its Hong Kong IPO starting on Monday.

According to the terms of the transaction as seen in the media, Zijin Gold International began evaluating investor interest in its Hong Kong IPO on Monday. The issuer has a lock-up period of 6 months, the controlling shareholder has a lock-up period of 12 months, and cornerstone investors have a lock-up period of 6 months. Approximately 50% of the funds raised will be used for upgrading and construction projects at existing mines to significantly increase production capacity over the next five years; approximately 33.6% of the funds raised will be used to pay the consideration for the acquisition of the Raygorodok gold mine in Kazakhstan. Morgan Stanley and Citic Securities are acting as joint sponsors.