DLA Piper advises on Chifeng Jilong Gold Mining HKD2.8 billion IPO and H share listing on HKEX

DLA Piper has advised Chifeng Jilong Gold Mining Co., Ltd. (6693.HK) on its initial public offering (IPO) and H share listing on the Main Board of the Hong Kong Stock Exchange (HKEX) on 10 March 2025.

As one of China's largest private gold producers, Chifeng Gold is recognized as a leading and rapidly growing gold producer among major players in the PRC. Through this listing, Chifeng Gold successfully raised approximately HKD2.8 billion, with proceeds potentially reaching HKD3.2 billion if the over-allotment option is fully exercised. Additionally, the company achieved a dual A+H listing on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange. This transaction marks the largest Hong Kong IPO for a mineral company under Chapter 18 of the Hong Kong Listing Rules since 2023. CITIC Securities (Hong Kong) Limited served as the sole sponsor for the IPO.

“Throughout the entire listing process, the DLA Piper team led by George demonstrated outstanding professional competence and professionalism. At key points in the listing process, they have worked side by side with the Company, actively assisted the Company in resolving challenges, and led the drafting of the highly professional and technical prospectus for a mining company with quality and efficiency, ensuring the successful listing of the IPO project in less than a year. DLA Piper was fully committed throughout, providing a solid guarantee for the Company's path to listing." - Ms. Lydia Yang, CEO and Executive Director of Chifeng Gold.

The DLA Piper team was led by George Wu, partner and Co-Head of Equity Capital Markets (EMEA), with support from senior associates Evonne Zhong and Jack Li, legal officer Ivy Chung, legal assistants Shiyu Fang and Charlotte Wang, and trainee solicitor Lily Choi. Corporate associates Jennifer Chen, Jenny Wang and Sophia Sun from Shanghai Kaiman Law Firm also advised on the transaction.