Zhi Tong Cai Jing·2025-10-15 02:55Core Viewpoint - China Hanking (03788) shares rose over 9% during trading, currently up 6.42% at HKD 4.81, with a trading volume of HKD 14.308 million [1] Group 1: Fundraising and IPO Plans - China Hanking announced a pre-IPO fundraising for its non-wholly owned subsidiary Hanking Gold, issuing a total of 436 million shares at HKD 2.62 per share, raising a total of HKD 1.14 billion [1] - The funds raised will be used to support the development of an Australian gold mining project and to repay internal loans of approximately AUD 86 million [1] - In July, China Hanking revealed plans to spin off Hanking Gold for an independent listing on the Hong Kong Stock Exchange through a backdoor listing [1] Group 2: Share Placement and Strategic Partnerships - The company placed a total of 75 million shares to Zijin Mining's Zijin Global Fund and Jinsan at a placement price of HKD 3.13 per share, with net proceeds of approximately HKD 231 million [1] - The proceeds will be combined with the company's own funds to support the development of the Australian gold mining project [1] - Following the placement, Zijin Mining will hold a 3.69% stake in the expanded issued share capital of China Hanking [1]