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With the Global Fund-Raising of 0.614 billion US Dollars, SD-Gold was Successfully Listed on the Hong Kong H-Share Main Board


With the Global Fund-Raising of 0.614 billion US Dollars, SD-Gold was Successfully Listed on the Hong Kong H-Share Main Board

Release time:

  On September 28, SD-Gold was successfully listed on the main board of The Stock Exchange of Hong Kong Limited, with the stock abbreviation of “SD-Gold” and the stock code of 1787.HK. Zhang Bin, director of Shandong Provincial State-owned Assets Supervision and Administration Commission, Wang Jingwen, deputy mayor of Jinan, Chen Yumin, secretary of the Party Committee and chairman of SD-Gold, Li Guohong, general manager of SD-Gold and chairman of Shandong Gold Mining Co., Ltd. (A-share: 600547, H-share: 1787), Li Xiaoping, member of the standing committee of the Party Committee of SD-Gold and chairman of the board of supervisors of Shandong Gold Mining Co., Ltd., and Wang Xiaoling, deputy general manager of SD-Gold, attended the listing ceremony.

  In his speech, Chen Yumin stated that listing in Hong Kong is the first step for SD-Gold to successfully enter the international capital market, and is also an important milestone in the development history of SD-Gold. He said that SD-Gold will take this listing as an opportunity and rely on the most open and internationalized Hong Kong market to further conduct reforms and innovations, improve quality and efficiency, accelerate development, build SD-Gold a world-class enterprise with global competitiveness as soon as possible and repay the shareholders, the employees and the society with more excellent performances.

  In terms of offer, the offer price per H-share of SD-Gold was 14.7HKD. The over-subscription was achieved for the international offering part. A total of 327.73 million shares (before exercise of over-allotment right) was sold globally, raising funds of 0.614 billion US dollars (before exercise of over-allotment right) totally. CCB International, China Securities International and ICBC International served as co-sponsors. CCB International, China Securities International, ICBC International and Morgan Stanley served as joint global coordinators.


  Since the listing of A-shares, SD-Gold’s performance has been outstanding, and its brand value has risen sharply. It has achieved an annualized growth rate of 19.4% of mineral gold production in the past ten years. In 2017, SD-Gold became China’s first gold-producing enterprise, of which Shandong Gold Mining Co., Ltd. produced 35.88 tons of mineral golds, accounting for 8.4% nationwide. SD-Gold was listed in Forbes “Global 2000: The World’s Largest Public Companies 2018”, ranking the 6th among the global gold companies on this list. By the middle of 2018, the market value of SD-Gold had been nearly 17 times higher than that at the beginning of the listing in 2003, and profit and asset scale was 30 times higher than that at the end of 2003.

  In recent years, SD-Gold has vigorously implemented the “13th Five-Year Plan” strategy of “striving to be an internationally first-class mining enterprise and bravely fighting for the world’s top ten mining enterprises”, and has carried out in-depth strategic cooperation with world-class mining companies and financial institutions such as Barrick Gold, the world’s largest gold company. In 2017, SD-Gold acquired 50% equities of Veladero Gold Mine, the largest mine in Argentina and the second largest gold mine in South America. By March 31, 2018, the Veladero Gold Mine had contributed 84 tons of reserves and 137.8 tons of resources. SD-Gold also advocates and implements the ecological mining development concept, and achieves new breakthroughs in key and core technologies in international minging field, including deep exploration, deep well construction, deep mining, seabed mining, and different dressing and smelting treatment etc. At the end of the “13th Five-Year Plan” period, all mines will reach the national level green mine standards, of which four main mines will rank among the top ten gold mines in China, and the “two 100-ton gold production” mines will set a new record for China’s gold mining development.