Wednesday, June 11, 2008

Jinshan Gold Mulls HK IPO To Fund Acquisitions - June 11, 2008

HONG KONG: Jinshan Gold Mines, a Toronto-listed company that is 42 per cent-owned by state-controlled China National Gold Corp, is considering listing shares in Hong Kong to fund an acquisition that could be worth more than $500 million, a company executive said on Wednesday.

Roger Walsh, vice president for corporate development at Jinshan Gold, told reporters that no final decision had been made on a possible listing, and that the company has no plan to delist its shares in Toronto.

He said Jinshan could receive an asset injection from China Gold, and that Jinshan's overseas investments may or may not be made jointly with China Gold.

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