China Gold Producer in HK$2.5 Billion IPO

December 8, 2006

Cleary Gottlieb represented the initial purchasers, led by UBS and Cazenove, in the HK$2.5 billion Reg S/Rule 144A initial public offering of ordinary shares of Zhaojin Mining Industry Company Limited. The global offering included a Hong Kong public offering with a listing on the Stock Exchange of Hong Kong and an offering to institutional investors elsewhere in the world. The global offering of ordinary shares closed on December 8.

Zhaojin is one of China’s leading gold producers, with exploration, mining, ore processing and smelting operations based in Shandong province in northern China.