Linklaters advises on MMG Limited’s approximately US$1.6bn placing of shares and convertible bond issuance

Linklaters advised the joint lead managers on the approximately HK$6.268bn (approximately US$800m) placing of shares and the concurrent issuance of US$800m of convertible bonds by MMG Limited (MMG), raising a combined amount of approximately US$1.6bn.

Founded in 2009 and listed on the Hong Kong Stock Exchange, MMG is a global mining company producing copper, zinc, and other base metals, developing and operating mining assets in Australia, Botswana, the Democratic Republic of Congo, and Peru.

This transaction follows a US$500m convertible bond issuance in October 2025, on which Linklaters also advised the joint lead managers.

The Linklaters team was led by capital markets partner Taiki Ki and corporate partner Donnelly Chan, with support from solicitor Jun Tang.

The issuance continues a trend of jumbo equity-linked and equity issuances by mining sector issuers in the Asia-Pacific region, driven by strong equity valuations and favourable financing conditions. With over 50 years’ on-the-ground presence in Hong Kong SAR and across Asia, Linklaters provides clients with high-quality, comprehensive legal support across international capital markets transactions. The firm continues to be at the forefront of equity-linked transactions in the region, having recently advised on the convertible bond offerings for Zijin Mining, New Hope and CMOC Group.