Global, sector-focused law firm HFW has advised Norton Gold Fields, a subsidiary of Zijin Gold International Co., Ltd (Zijin Gold), on all Australian aspects of Zijin Gold’s HK$25 billion initial public offering on the Main Board of the Hong Kong Stock Exchange. This is the second-largest IPO in Hong Kong this year and the world’s largest ever gold mining IPO.
Against a backdrop of record gold prices, the IPO drew exceptional demand and was oversubscribed, raising approximately HK$25 billion – giving the Zijin Gold a market capitalisation at listing of HK$187.9 billion.
The cross-practice team who advised on the matter was led by HFW Partner, Bryn Davis, along with Senior Associate Kayla Giudicatti and Associate Albert Cheung, with support from Partners Ruth Dawes, Michael Debney, Paul D Evans, Morgen Kerry, Michael Maxwell and Simon Billing, Legal Director Tighe Whelan and Associate Peter Hiotis.
Bryn Davis said: “We are thrilled to have assisted Zijin, its Australian subsidiaries, and their international teams to achieve this transaction.”
Norton Gold Fields is a long-time and highly valued client of HFW. The firm also recently advised the company on its A$166.5 million sale of the Bullabulling Gold Project in Western Australia to Minerals 260.
