Dentons Hong Kong advised Wanguo Gold Group Limited (3939.HK) (“Wanguo Gold”) on its allotment and issuance of new shares to Gold Mountains (H.K.) International Mining Company Limited, a wholly-owned subsidiary of Zijin Mining Group Co., Ltd. (601899.SH; 2899.HK) (“Zijin Mining”), as subscriber, for a total consideration of approximately HK$1.38 billion.
Wanguo Gold, together with its subsidiaries, is principally engaged in the business of mining, ore processing and sale of concentrates products in the PRC and Solomon Islands. Zijin Mining, together with its subsidiaries, constitutes a sizeable multinational mining group dedicated to exploration and development of copper, gold, zinc, lithium, silver, molybdenum and other metallic mineral resources globally, research, design and application of mining engineering, etc. and is principally engaged in mining, production, refining and sales of copper, gold and other mineral resources.
The Dentons Hong Kong team was led by capital market partner and head of corporate finance Gordon Ng, along with managing associate Mike Kwok, associate Karen Yip and legal assistant Man Fung Yeung.
