Morrison & Foerster has recently represented TSX-listed China Gold International Resources on its US$309m IPO on the Hong Kong Stock Exchange (HKSE). Concurrently, Haiwen and MoFo also advised China Gold on its acquisition of Jiama Mine, one of the largest copper-polymetallic mines in China, for US$742m.

The listing is the first dual listing to be completed since the Hong Kong Stock Exchange implemented the new changes to listing rules in June this year.

“As the Chinese economy continues to flourish, we have seen a significant rebound in IPO activity over the last few months and expect this trend to rise. We are also seeing the new Chapter 18 listing rule changes’ positive effect on the exchange for mineral companies,” said Ven Tan, managing partner of Morrison & Foerster’s Hong Kong office and lead partner on the transaction.

China Gold International is controlled by China National Gold, the largest gold producer in China. ALB

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