Sep 2025
Conyers acted as Bermuda legal counsel to Zijin Gold International Company Limited (“Zijin Gold”) in connection with its HK$24.98 billion (US$3.21 billion) successful initial public offering and listing of its ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited under stock code 2259.
Zijin Gold is one of the global leading gold mining companies principally engaged in exploration, mining, processing, smelting, refining and sale of gold. The new capital raised is used to upgrade and build existing mines, fund exploration programmes, and pay the consideration for the acquisition of the Raygorodok Gold Mine in Kazakhstan.
The listing set several records at the time. It was the largest IPO to date in the global gold mining sector, the largest overseas listing by a Chinese mining company, and the second-largest offering worldwide in 2025.
Partner Ryan McConvey of Conyers’ Hong Kong office and Senior Associate Rita Leung of Conyers’ Singapore office advised on the matter, working alongside Latham & Watkins LLP.
The matter demonstrates that Hong Kong remains a preferred listing venue for Chinese companies planning to go global.
This matter was recognised as a Deal of the Year 2025 by China Business Law Journal.