Western Mining Co., Ltd. issued its prospectus on June 25, signaling it has started offering shares and will be listed on the Shanghai Stock Exchange.
According to the term sheet, it will offer no more than 500 million shares, representing less than 20.46% of the enlarged capital stock, with earnings per share of CNY 0.64.
The roadshow will be between June 25 and June 28. UBS Securities will be the lead underwriter, the first time for the broker to arrange shares offering in China.
Western Mining's main business is the selection and smelting of lead, zinc, copper and aluminium. It is China's second largest lead manufacturer, the fourth largest zinc producer and the seventh largest copper manufacturer. It has strong profit-making ability, owing to its possession of large amounts of mineral resources and prospecting advantages.
It plans to use the proceeds from the IPO to strengthen its control of resources and its smelting capacity.
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DONGGUAN JIEFU FLAME-RETARDED MATERIALS CO.,LTD
Sam Xu
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