Understanding the Market | CHINA HANKING surged nearly 20%, with a cumulative increase of 3.2 times this year. The company recommends spinning off Hanking Gold for independent listing on the main board of the Hong Kong Stock Exchange

Zhitong
2025.07.09 02:41
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CHINA HANKING surged nearly 20%, with a cumulative increase of over 320% this year. As of the time of writing, it rose 19.25% to HKD 3.16, with a trading volume of HKD 21.2606 million. In terms of news, CHINA HANKING previously planned to sell the Australian gold mining company Primary Gold to a Chinese company but did not receive approval from Australian authorities. The group recently announced a proposal to spin off Hanking Gold for independent listing on the main board of the Hong Kong Stock Exchange and to adopt a share option plan for Hanking Gold. The plan includes distributing all issued shares of Hanking Gold held by eligible shareholders in physical form and introducing it for listing on the main board of the Hong Kong Stock Exchange, which will provide shareholders with guaranteed allocations of Hanking Gold shares. Public information shows that Hanking Gold is the main entity for restructuring the group's gold assets in Australia, and as of the announcement date, the company holds 100% equity in Hanking Gold. Hanking Gold currently owns the Mt Bundy gold project in the Northern Territory of Australia and the Cygnet gold project in Western Australia, with JORC-compliant gold resources of 3.01 million ounces for the Mt Bundy project and 1.72 million ounces for the Cygnet project. The company stated that after the spin-off, there will be an independent capital platform to support the development of the gold business

According to Zhitong Finance APP, CHINA HANKING (03788) surged nearly 20%, with a cumulative increase of over 320% this year. As of the time of publication, it rose 19.25% to HKD 3.16, with a trading volume of HKD 21.2606 million.

In terms of news, CHINA HANKING previously planned to sell the Australian gold mining company Primary Gold to a Chinese company but did not receive approval from Australian authorities. The group recently announced a proposal to spin off Hanking Gold for independent listing on the main board of the Hong Kong Stock Exchange, as well as to adopt a share option plan for Hanking Gold. The plan includes distributing all issued shares of Hanking Gold held by eligible shareholders in physical form and introducing the listing on the main board of the Hong Kong Stock Exchange, which will provide shareholders with guaranteed allocations of Hanking Gold shares.

Public information shows that Hanking Gold is the main entity for restructuring the group's gold assets in Australia. As of the announcement date, the company holds 100% equity in Hanking Gold. Hanking Gold currently owns the Mt Bundy gold project located in the Northern Territory of Australia and the Cygnet gold project located in Western Australia. The Mt Bundy project has a gold resource of 3.01 million ounces in accordance with JORC standards, while the Cygnet project has 1.72 million ounces. The company stated that after the spin-off, there will be an independent capital platform to support the development of the gold business

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