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Jinshan Gold mulls HK IPO to fund acquisitions

Tue Jun 10, 2008 11:31pm EDT

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China

HONG KONG, June 11 (Reuters) - Jinshan Gold Mines (JIN.TO), a Toronto-listed company that is 42 percent-owned by state-controlled China National Gold Corp, is considering listing shares in Hong Kong to fund an acquisition that could be worth more than $500 million, a company executive said on Wednesday.

Roger Walsh, vice president for corporate development at Jinshan Gold, told reporters that no final decision had been made on a possible listing, and that the company has no plan to delist its shares in Toronto.

He said Jinshan could receive an asset injection from China Gold, and that Jinshan's overseas investments may or may not be made jointly with China Gold. (Reporting by Tom Miles; Editing by Anne Marie Roantree)



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