Iron ore miner China Hanking targets $693m via HK IPO

摘要

China Hanking Holdings has joined the ranks of iron ore miners both inside and outside China seeking to capitalise on demand for this crucial steelmaking raw material by seeking a listing on the Hong Kong stock exchange. Claiming to be the largest privately-owned iron ore producer in northeast China’s Liaoning province, China Hanking is in the process of launching its initial public offering (IPO) on 20-23 September, aiming to raise up to HK$5.4bn ($693m) via the listing or HK$817m in net proceeds, the company stated.