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Jin Xun Resources (03636.HK) Fully Exercised the Over-allotment Option, Stabilization Activities, and the Stabilization Period Has Ended
Gelonghui, February 5th丨Jinxun Resources (03636.HK) announced that the over-allotment option described in the prospectus was fully exercised on Thursday, February 5, 2026, by the sponsor and overall coordinator (on its own behalf and representing the international underwriters), involving a total of 5,514,800 H shares, representing approximately 15% of the total number of offer shares initially available for subscription under the global offering (before the exercise of any over-allotment option). The over-allotted shares (as defined below) will be issued by the company at a price of HKD 30.00 per H share (i.e., the issue price per H share under the global offering, excluding a 1.0% brokerage commission, 0.002
Copper stocks extended gains in the afternoon as the Nonferrous Metals Industry Association stated the need to improve the construction of copper resource reserve systems, with copper concentrate potentially included in the reserve scope.
On February 3, it was reported that copper stocks extended their gains in the afternoon session. As of the latest data, China Daye Nonferrous Metals surged over 11%, China Nonferrous Metal Mining rose more than 6%, Minmetals Resources gained over 5%, and Jiangxi Copper Corporation increased nearly 5%.
Hong Kong Stock IPO Monthly Report | January new stock success rate at 100%! MINIMAX surged over 109% on the first day, earning more than HKD 16,000 per lot for investors.
As of January 2026, the IPO market has remained robust, with all 13 new listings achieving gains on their debut day, setting an optimistic tone for the market throughout the year.
Citigroup Inc. has reduced its holding in Jinxun Resources (03636) by 32,200 shares at an average price of approximately HKD 45.99 per share.
On January 22, Citigroup Inc. reduced its holding in Jinxun Resources (03636) by 32,200 shares at a price of 45.9888 Hong Kong dollars per share, with a total amount of approximately 1.4808 million Hong Kong dollars.
Shareholders of Jinxun Resources (03636) transferred shares from Merrill Lynch Far East Limited to Citi, with a transferred market value of HKD 75.6499 million.
On January 15, shareholders of Jin Xun Resources (03636) transferred their shares from Merrill Lynch Far East Limited to Citi, with a transferred market value of HKD 75.6499 million, accounting for 5.03%.
This investment bank’s latest commodity outlook: 'Tactically bullish' on crude oil and precious metals, 'structurally bullish' on aluminum, and copper prices 'may peak within a month.'
Citi's research report indicates that the commodities market is at a turning point. Crude oil is expected to reach a short-term target of $70 per barrel driven by geopolitical factors, but faces long-term pressure from oversupply. Precious metals are bullish, with silver targeting $100 per ounce and gold $5,000 per ounce. Among industrial metals, aluminum presents the most opportunity due to supply shortages, with a target range of $3,400-$3,500 per metric ton. Copper prices are projected to reach $14,000 per metric ton, but January may mark the peak for the entire year.