"HFW Advises China Hanking on HK$1.14 Billion Pre-IPO Capital Raising for Hanking Gold Spin-Off"

"HFW has advised China Hanking Holdings Limited on a HK$1.14 billion pre-IPO capital raising for its subsidiary, Hanking Gold, which is set to be spun off and listed on the Hong Kong Stock Exchange. The capital was raised through subscription agreements for 436,550,000 new shares, with China Hanking and Zijin Mining being the primary investors. The funds will be used to develop Hanking Gold's Australian gold projects and support its IPO plans. HFW is also assisting with the spin-off process."

HFW, a global sector-focused law firm, advised China Hanking Holdings Limited on its HK$1.14 billion pre-IPO capital raising for its subsidiary, Hanking Gold. The transaction involved a series of subscription agreements resulting in the issuance of 436,550,000 new shares, representing approximately 17.3% of Hanking Gold’s enlarged issued share capital, at a price of HK$2.62 per share. The proceeds from this capital raising will be utilized to advance the development of Hanking Gold’s Australian gold projects and support the company’s planned IPO. The HFW team that assisted in this transaction was led by Australia partner Bryn Davis and Hong Kong partner Wing Cheung, with support from senior associate Max Hui, and associates Albert Cheung and Joey Sze.

"HFW Advises China Hanking on HK$1.14 Billion Pre-IPO Capital Raising for Hanking Gold Spin-Off"

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