02546 智匯礦業
ZHIHUI MINING
ZHIHUI MINING
| Register Close | 2025/12/16 IPO Closing in 3 Days |
| Listing Date | 2025/12/19 |
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IPO Detail
COMPANY PROFILE
Xizang Zhihui Mining Co. is a mining company focusing its business on zinc, lead and copper exploration, mining, production and sales of concentrates based in Xizang, China. The Group’s main products include zinc, lead and copper concentrates.
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According to the report, in terms of the average annual production volume in Xizang in 2024, the Group ranked fifth for zinc concentrates, fourth for lead concentrates and fifth for copper concentrates. In 2024, the Group accounted for 11.1% of the total zinc concentrates production, 4.2% of the total lead concentrates production and 0.1% of the total copper concentrate production in Xizang, respectively.
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The Group’s mining operations are located in Rongdoi Township, Jiali County, Nagqu, Xizang. Its Mengya’a Mine comprises an open-pit mine which has been in commercial operation since 2007, and an underground mine, which has commenced commercial operation since the second quarter of 2025. The Group hold exploration rights over an area of approximately 58.5 sq.km and mining rights over an area of approximately 4.5 sq.km., respectively.
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The Group’s revenue is generated from sales of concentrates to its customers in China. Its customers include nonferrous metal traders who conduct onward sales of concentrates to end users of concentrates; and refineries which further process its concentrates depending on their customers’ needs.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Diversified Metals & Minerals |
| Major Business Area | China |
| Board Lot | 1000 |
GLOBAL OFFERING
| No. of Offer Shares | 121.95M H shares |
| No. of International Offer Shares | 109.76M H shares |
| No. of HK Offer Shares | 12.20M H shares |
| Offer Price | $4.10 - $4.51 |
| Stock Code | 2546 |
| Sponsor(s) | Sinolink Securities (Hong Kong) Company Limited, Maxa Capital Limited |
| Underwriter(s) | Sinolink Securities (Hong Kong) Company Limited, Maxa Capital Limited, ABCI Securities Company Limited, CCB International Capital Limited, CMBC Securities Company Limited, CMB International Capital Limited, Get Nice Securities Limited, Huaan Securities (Hong Kong) Brokerage Limited, ICBC International Securities Limited, Tiger Brokers (HK) Global Limited, Fortune Origin Securities Limited, Glory Sun Securities Limited, Grand China Securities Limited, Lego Securities Limited, Mont Avenir Capital Limited, SPDB International Capital Limited |
TIME TABLE
| Application Period | Dec 11 (Thu) - noon, Dec 16 (Tue) |
| Price Determination Date | Dec 17 (Wed) |
| Result Announcement Date | On or before Dec 18 (Thu) |
| Result Announcement Date | On or before Dec 18 (Thu) |
| Result Announcement Date | On or before Dec 19 (Fri) |
| Dealings in Shares commence on | Dec 19, 2025. (Fri) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $4.10 - $4.51 |
| Capitalization | 2.00B - 2.20B |
| NAV / share ($) | $2.45 - $2.55 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 4.3, the net proceeds raised would be HKD 470.60M, of which |
| 29.2% : Improving mining capabilities |
| 23.4% : Increasing exploration investments within our existing mining rights in Xizang |
| 18.7% : Enhancing ore processing and concentrate production capability |
| 14% : Investment in and acquisition of assets |
| 7.7% : Working capital |
| 7% : Repayment of bank loans |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).