Group 1 - The core point of the news is that Jiaxin International Resources (03858) will be listed on the Hong Kong Stock Exchange on August 28, with a significant increase in its trading price compared to the initial offering price [1] - The dark pool trading by Livermore Securities shows a price of HKD 19.65, which represents a 79.95% increase from the offering price of HKD 10.92 [1][3] - Each trading lot consists of 400 shares, resulting in a profit of HKD 3,492 per lot, excluding transaction fees [1] Group 2 - The trading volume recorded is 68,000 shares, with a total transaction value of HKD 1.33 million [4] - The buy-side activity shows a high demand, with a buy ratio of 81.40% [4]

Group 1 - The core viewpoint of the news is that Jiaxin International Resources (03858) has successfully completed its IPO subscription, raising significant interest with a subscription amount of HKD 144 billion, leading to an oversubscription of nearly 1200 times [1] - The company plans to issue 110 million shares, with 10% allocated for public offering at a price of HKD 10.92 per share, aiming to raise approximately HKD 1.2 billion [1] - Jiaxin International Resources is focused on developing the Bakuta tungsten mine project in Kazakhstan, which is projected to be one of the largest tungsten ore resources globally by December 31, 2024 [1] Group 2 - Financial data indicates that the company has incurred net losses of HKD 94.5 million, HKD 80.1 million, HKD 177 million, and HKD 7 million for the years ending December 31, 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [2] - The Bakuta tungsten mine project is expected to commence its first phase of commercial production in April 2025, with a targeted mining and mineral processing capacity of 3.3 million tons of tungsten ore for that year [1][2]

Group 1 - The core viewpoint of the news is that Jaxin International Resources (03858) has successfully completed its IPO subscription, achieving a subscription amount of HKD 144 billion, which is nearly 1200 times oversubscribed compared to the public offering amount of HKD 1.2 billion [1] - Jaxin International Resources plans to issue 110 million shares, with 10% allocated for public offering at a price of HKD 10.92 per share, aiming to raise approximately HKD 1.2 billion [1] - The company is based in Kazakhstan and focuses on the development of the Bakuta tungsten mine project, which is projected to be one of the largest tungsten ore resources globally by December 31, 2024 [1] Group 2 - Financial data indicates that the company incurred net losses of HKD 94.5 million, HKD 80.1 million, HKD 177 million, and HKD 7 million for the years ending December 31, 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [2] - The Bakuta tungsten mine project is set to commence its first phase of commercial production in April 2025, with a targeted annual mining and mineral processing capacity of 3.3 million tons of tungsten ore for that year [1][2]

今日佳鑫国际资源(3858.HK)、双登股份(6960.HK)申购，无新股上市。 本文源自：金融界AI电报 ...

Group 1 - The company, Jiaxin International Resources, will conduct an IPO from August 20 to August 25, 2025, offering 110 million shares globally, with 10% allocated for Hong Kong and 90% for international investors, including a 15% over-allotment option [1] - The offering price is set at HKD 10.92 per share, with the expected listing date on the Hong Kong Stock Exchange on August 28, 2025 [1] - The core business of the company is the Bakuta tungsten mine project in Kazakhstan, which is the largest open-pit tungsten trioxide resource mine globally and the fourth largest tungsten mine overall, featuring the highest designed capacity in a single mine [1] Group 2 - The net proceeds from the fundraising are expected to be approximately HKD 1.088 billion, which will primarily be allocated to capital costs for the Bakuta tungsten mine project (about 55%), development of ammonium paratungstate (APT) production capacity (about 10%), repayment of bank loans (about 25%), and working capital (about 10%) [1] - The company has signed cornerstone investment agreements with firms such as Cinda and Luyin [1]

Group 1 - The company, Jiexin International Resources, plans to conduct a global offering of 110 million shares from August 20 to August 25, 2025, with a share price set at HKD 10.92 per share [1] - The company is focused on the Bakuta tungsten mine project in Kazakhstan, which is recognized as one of the largest tungsten ore resources globally, with a projected mining and mineral processing capacity of 3.3 million tons of tungsten ore in 2025 [1][4] - The company has entered cornerstone investment agreements with several investors, including China Cinda Asset Management and others, to raise approximately USD 76.38 million through the sale of shares [2] Group 2 - The estimated net proceeds from the global offering are approximately HKD 1.088 billion, which will be allocated as follows: 55% for the Bakuta tungsten mine project development, 10% for expanding ammonium paratungstate (APT) production capacity, 25% for repaying part of the bank loans, and 10% for working capital and other general corporate purposes [3] - The company has reported losses in the past years, with net losses of HKD 94.5 million, HKD 80.1 million, HKD 177 million, and HKD 7 million for the years ending December 31, 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [4]

Group 1 - The company, Jaxin International Resources, plans to conduct an initial public offering (IPO) from August 20 to August 25, 2025, aiming to globally offer 110 million shares, with approximately 10% allocated for Hong Kong and 90% for international sales, plus a 15% over-allotment option [1] - The offering price is set at HKD 10.92 per share, with trading expected to commence on August 28, 2025 [1] - The company is focused on the Bakuta tungsten mine project in Kazakhstan, which is projected to be the largest open-pit tungsten mine globally by WO3 resource volume by December 31, 2024 [1][4] Group 2 - The cornerstone investors, including China Cinda (Hong Kong) Asset Management and others, have agreed to subscribe for shares amounting to approximately USD 76.38 million, translating to about 54.9 million shares at the offering price [2] - The estimated net proceeds from the global offering, after deducting underwriting fees and expenses, are expected to be around HKD 1.088 billion [3] - The company plans to allocate approximately 55% of the net proceeds for capital costs related to the Bakuta tungsten mine project, with specific allocations for tailings storage and mineral processing plant establishment [3] Group 3 - The company has reported net losses of HKD 94.5 million, HKD 80.1 million, HKD 177 million, and HKD 7 million for the years ending December 31, 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [4] - The Bakuta tungsten mine project commenced its first phase of commercial production in April 2025, marking the beginning of revenue generation for the company [4]

Core Viewpoint - Jiaxin International Resources is set to raise approximately HKD 1.2 billion through the sale of around 109.8 million shares at a price of HKD 10.92 per share, with shares expected to be listed on August 28 [1] Group 1 - The company will have a dual primary listing on the Hong Kong Stock Exchange and the Astana International Exchange (AIX) in Kazakhstan [1] - Approximately 1.3 million shares, representing about 1.2% of the total shares offered, will be sold on the AIX [1] - China International Capital Corporation (CICC) is the sole sponsor for this offering [1]

Group 1 - The company, Jaxin International Resources, plans to globally offer approximately 110 million shares, with 10.9812 million shares available in Hong Kong and 98.8276 million shares for international offering, along with a 15% over-allotment option [1] - The offering price is set at HKD 10.92 per share, with a trading unit of 400 shares, and the shares are expected to start trading on the Hong Kong Stock Exchange on August 28, 2025 [1] - The company is focused on the Bakuta tungsten mine project in Kazakhstan, which is projected to be the largest open-pit tungsten mine in terms of WO3 mineral resources by December 31, 2024 [1] Group 2 - The company has entered into cornerstone investment agreements, with cornerstone investors agreeing to subscribe for shares amounting to approximately USD 76.38 million under certain conditions [2] - It is estimated that the company will net approximately HKD 1.0877 billion from the global offering, assuming the over-allotment option is not exercised [2] - The net proceeds from the offering will be allocated as follows: approximately 55% for capital costs of the Bakuta tungsten mine project, 10% for developing ammonium paratungstate (APT) production capacity, 25% for repaying part of the bank loans denominated in euros, and 10% for working capital and other general corporate purposes [2]

Group 1 - The company, Jiaxin International Resources (03858.HK), plans to globally offer approximately 110 million shares [1] - The offering includes 10.9812 million shares for Hong Kong and 98.8276 million shares for international investors, with an additional 15% over-allotment option [1] - The subscription period for the shares is set from August 20 to August 25, 2025, with an expected price of HKD 10.92 per share [1] Group 2 - The minimum trading unit for the shares is 400 shares [1] - China International Capital Corporation (CICC) is the sole sponsor for the offering [1] - The shares are anticipated to commence trading on the Hong Kong Stock Exchange on August 28, 2025 [1]