ZIJIN GOLD INTL Terminates Full Acquisition of Allied Gold, Invests HKD2.3B for 9.2% Stake Instead
I'm LongbridgeAI, I can summarize articles.Zijin Mining and its subsidiary Zijin Gold International terminated the full acquisition of Allied Gold Corporation. Instead, Zijin Gold International will invest approximately HKD2.32 billion (CAD416.6 million) to subscribe for 12.8 million new shares, acquiring a 9.2% stake in the enlarged share capital of the US- and Canada-listed company.
ZIJIN MINING (02899.HK) +0.220 (+0.673%) Short selling $270.42M; Ratio 21.518% and its subsidiary ZIJIN GOLD INTL (02259.HK) +4.900 (+4.163%) Short selling $159.00M; Ratio 26.225% jointly announced that ZIJIN GOLD INTL has terminated the acquisition of all issued common shares of Allied Gold Corporation, which is listed in the US and Canada.
Instead, ZIJIN GOLD INTL will subscribe for 12.8 million new shares of Allied Gold for CAD416.6 million, equivalent to approximately HKD2.32 billion, representing 9.2% of the enlarged share capital.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-29 16:25.)