A Shining Moment, A Glorious Start: Jinxun Resources Debuts on HKEX Main Board, Setting Sail on a New Capital Market Voyage
On January 9, Yunnan Jinxun Resources Co., Ltd. (hereinafter referred to as “Jinxun Resources”, stock code: 03636.HK) was officially listed on the Main Board of the Hong Kong Stock Exchange. This listing marks the comprehensive entry of Jinxun Resources’ global strategic layout in the copper resources sector into a new international era, signifying a leap in the company’s capital strength and development capabilities. It injects robust momentum for future sustainable, high-quality growth, propelling Jinxun Resources onto the global stage of international capital markets.
The global offering comprised 36,765,600 shares, with the Hong Kong public offering segment oversubscribed by approximately 143.5 times, reflecting robust market enthusiasm. The final offer price was set at HK$30 per share, with each lot consisting of 200 shares. The global offering raised approximately HK$1.103 billion. The issuance attracted eight prominent cornerstone investors, including Glencore, PanZhe Asset, North Rock, ChinaAMC, and Sunwoda, with a combined subscription amount of approximately US$60.25 million, accounting for nearly 42.5% of the global offering shares. This fully demonstrates the international capital market’s high recognition and firm confidence in the company’s business model and long-term development prospects.
Founded in 2010, Jinxun Resources has consistently aligned with national development strategies, deeply integrating into the Belt and Road Initiative and the new dual-circulation development paradigm while steadfastly focusing on the non-ferrous metals industry chain. The company’s core operations encompass the production and sales of high-quality cathode copper, as well as the manufacturing of non-ferrous metal new energy materials. It owns seven wholly-owned subsidiaries, with its business footprint extending to multiple countries and regions worldwide, including Zambia, the Democratic Republic of the Congo (DRC), Peru, and Singapore, while also maintaining a solid presence in key domestic regions such as Shanghai, Anhui, and Tibet. Leveraging its forward-looking overseas resource strategy and mature global operational system, Jinxun Resources has successfully established and efficiently operated multiple projects in the Democratic Republic of the Congo, Zambia, Anhui, and other locations. These ventures have yielded outstanding economic returns, striving to become a benchmark for Chinese private enterprises going global and actively contributing to building a community with a shared future for mankind.
At the listing ceremony, Yuan Rong, Chairman of Jinxun Resources, stated: “The company will steadfastly uphold its founding mission of ‘serving the nation through resources and industry,’ continuously improve corporate governance structures, comprehensively enhance operational transparency and standardization, and strive to create long-term, stable value for shareholders, employees, customers, and society.”
Looking ahead, Jinxun Resources will efficiently allocate funds raised from this public offering, focusing on five key areas: “capacity upgrading, mine acquisitions, technological advancement, sustainability empowerment, and operational efficiency.” This includes accelerating the construction of advanced production capacity to solidify the foundation for scaled development; steadily advancing mine resource layout to expedite the creation of a globally influential resource-based enterprise; increasing investment in core technology R&D to enhance independent innovation capabilities and industrial competitiveness; Comprehensively advance the construction of a new energy system; strengthen operational management to ensure high-quality sustainable development.
As the tide swells and the horizon expands, it is time to set sail. Let us collectively witness Jinxun Resources embark on its new journey in the capital markets and write an even more brilliant chapter in its development!
Contributor: General Affairs Department
Editor: Li Yanfang
Reviewer: Yang Yongchang, Wang Kaixu
Source: Jinxu Stock
