Quote | Super Quote
IPO   |   IPO News   |   Listed IPO Information   |   Hot Listed IPO
Stock Code   IPO News IPO Timetable
IPO Detail
02489 集海資源
Listing Date2023/12/22
Listing Price0.550
Subscription Result
  • Subscription Rate
  • Guarantee One Lot Size
    9 lot
  • One Lot Success Rate

Persistence Resources Group is a gold exploration, mining and processing company established and located in Yantai city of Shandong Province in China. It sells gold bullion derived from gold concentrate processed.


According to Report, the Group was the third largest gold mining company in the Shandong Province in 2022 with a market share of 2.6% in terms of mine production volume but the top two players have an aggregated market share of approximately 78.3% in terms of gold mine production volume.


The Group operate two operating gold mines, namely, the Songjiagou Open-Pit Mine and the Songjiagou Underground Mine and operate an ore processing plant with an annual ore processing capacity of approximately 2,000 kt.


The Group’s principal product is gold bullion of Au99.95. Since 2021, it only has one customer, namely, Shandong Guoda.

MarketHong Kong (Main Board)
Business NatureGold & Precious Metals
Major Business AreaChina
Board Lot5000
No. of Offer Shares500.00M shares
No. of International Offer Shares450.00M shares
No. of HK Offer Shares50.00M shares
Offer Price$0.55 - $0.75
Stock Code2489
Sponsor(s)Innovax Capital Limited
Underwriter(s)Innovax Securities Limited, CCB International Capital Limited, Zhongtai International Securities Limited, ABCI Securities Company Limited, BOCOM International Securities Limited, SPDB International Capital Limited, Citrus Securities Limited, Quam Securities Limited, Valuable Capital Limited, CMBC Securities Company Limited, First Shanghai Securities Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Livermore Holdings Limited, ZMF Asset Management Limited, China Sunrise Securities (International) Limited, Astrum Capital Management Limited, Yue Xiu Securities Company Limited, Eddid Securities and Futures Limited, Pacific Foundation Securities Limited, SBI China Capital Financial Services Limited, Elstone Securities Limited
Application PeriodDec 14 (Thu) - noon, Dec 19 (Tue)
Price Determination DateDec 20 (Wed)
Result Announcement DateOn or before Dec 21 (Thu)
Result Announcement DateOn or before Dec 21 (Thu)
Result Announcement DateOn or before Dec 22 (Fri)
Dealings in Shares commence onDec 22, 2023. (Fri)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$0.55 - $0.75
Capitalization1.10B - 1.50B
NAV / share ($)$0.38 - $0.43 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 0.65, the net proceeds raised would be HKD 265.00M, of which
20.4% : Further construction of mining infrastructure
2% : Upgrade of gold reserves
55% : Selective acquisitions
12.6% : Repayment of existing bank loans
10% : Working capital
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
IPO Calculator
Subscription --
Result Announcement --
Listing --
Offer Price︰--
Currency :
Listing Price :
Board Lot :
Admission Fee*
Subscribing Lot :
Subscribing Fee :

Subscribing Amount :
*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.