Sidley Austin has represented Shandong Gold Mining on its HK$5.2 billion ($670 million) IPO on the Hong Kong Stock Exchange, the bourse’s largest mining IPO in six years, with Linklaters advising the underwriters.

The state-owned domestic holding company of Shandong Gold is also listed in Shanghai with a market capitalisation of $6.3 billion. It is currently the largest PRC gold producer listed in the PRC and Hong Kong.

Shangdong Gold controls and operates 12 domestic gold mines, accounting for approximately 6.6 percent of China’s gold output, and also jointly operates Veladero Mine, Argentina’s largest mine and the second-largest in South America, with Canadian mining company Barrick Gold. 

The Linklaters team was led by partners Iris Leung and Kevin Cheung. Offshore advise was provided to the issuer by Appleby.

 

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