Successful Completion of Historic Cross Border IPO
Astana International Exchange (“AIX”, “Exchange”) is pleased to announce that ordinary shares (the “Shares”) of Jiaxin International Resources Investment Limited (the “Company”) have been admitted to listing and trading on AIX.
The Company, which operates exclusively in Boguty mine in Almaty region of Kazakhstan – the world’s fourth largest Tungsten deposit – has successfully completed a simultaneous offering of common shares on AIX and the Hong Kong Stock Exchange (HKEX). The final offer price was set at CNY 9.93. Total demand on the global markets amounted to more than $34bn which results in more than 220 times oversubscription vs targeted amount.
Jiaxin International Resources Investment Limited, a company incorporated in China, has thus completed its debut simultaneous share offering in Hong Kong and Astana. This marks the first IPO in Central Asia denominated in CNY; as well as the first IPO on AIX’s dedicated “Belt and Road Initiative” segment.
Assel Mukazhanova, CEO of AIX, noted:
“It has been about 10 years since Jiaxin first entered the Kazakh market with a tungsten investment project, and today we are proud to celebrate the inclusion of shares of Jiaxin International Resources Investment into the AIX Official List. This achievement not only demonstrates the trust placed in our market but also sets a strong precedent for other issuers to follow. Jiaxin is the first Chinese mining company tapping AIX and we are confident that this listing will pave the way for more distinguished names to be visible soon.”
Liu Liqiang, Chairman of Jiaxin International Resources Investment Limited, noted:
“We are deeply honored to announce the successful dual listing of Jiaxin International Resources Investment Limited on both AIX and HKEX. This milestone not only marks a significant chapter in the Company’s growth journey, but also reflects our solid step forward in deepening China-Kazakhstan economic cooperation in the context of High-Quality Belt and Road Cooperation.
More importantly, it signifies the beginning of a new chapter in financial connectivity between the Astana International Financial Centre and Hong Kong as global financial hubs. The successful listings in both markets underscore the strategic value of Kazakhstan’s high-quality resource assets and reflect the strong recognition and trust that Hong Kong investors place in Kazakhstan’s investment potential.
We take particular pride in becoming the first company to issue RMB-denominated shares on AIX’s Belt and Road Segment, as well as the first RMB-denominated stock in Central Asia. This pioneering achievement demonstrates our firm confidence in the internationalization of the Renminbi.
Jiaxin International remains committed to responsible and sustainable development. We will continue to invest deeply in the Boguty Tungsten Mine and strive to build a globally competitive tungsten industrial platform, delivering long-term value to our shareholders, society, and the local economy.”
Reference:
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, the Shanghai stock exchange, the Silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. www.aix.kz
The Astana International Financial Centre (AIFC) is a leading financial hub in the Eastern Europe and Central Asia region, designed to connect global capital with the vast opportunities of emerging markets. Positioned at the crossroads of Europe and Asia, the AIFC combines international best practices with innovative approaches to create a world-class platform for investment, business, and financial services. Since its establishment in 2018, the AIFC has attracted over USD 15.9 bln in investments into Kazakhstan’s economy. Over 4,000 companies from 80+ countries, including the USA, the UK, China, Turkiye, the Republic of Korea, Singapore, and others, are registered within the AIFC’s jurisdiction. www.aifc.kz