Zijin Mining(601899) 搜狐财经· Sou Hu Cai Jing·2025-05-30 18:58Core Viewpoint - Zijin Mining Group Co., Ltd. is planning to spin off its subsidiary, Zijin Gold International Co., Ltd., for listing on the Hong Kong Stock Exchange, alongside implementing a 2025 employee stock ownership plan [2][3][6]. Company Announcements - The board of Zijin Mining approved multiple resolutions, including the spin-off of Zijin Gold International and the 2025 employee stock ownership plan [2][6]. - The employee stock ownership plan will involve up to 2,500 participants, with a total funding not exceeding 700.40 million yuan, and a stock purchase price set at 10.89 yuan per share [2][4]. - The company’s supervisory board confirmed that the spin-off complies with relevant laws and regulations, and the proposed plan is reasonable and feasible [3][4]. Financial Performance - Zijin Mining's stock price closed at 17.73 yuan, down 4.63% from the previous week, with a market capitalization of 471.22 billion yuan, ranking 1st in the industrial metals sector [1]. Legal and Compliance - Legal opinions confirm that Zijin Mining has the qualifications to implement the employee stock ownership plan and the spin-off, which requires approvals from various regulatory bodies [4][5]. - The independent financial advisor, CITIC Securities, supports the spin-off, stating it will enhance the company's focus on its core business and independence [4].