January 2, 2019 / 2:30 AM / 3 months ago

BUZZ -Gold miner Zijin plunges on plan to sell $1.2 bln shares

** Shanghai-listed shares of Zijin Mining Group Co Ltd fall as much as 9.9 pct to 3.01 yuan, their lowest since May 2016, after the Chinese gold miner plans share sale to fund Nevsun acquisition

** The stock in Hong Kong falls 4.4 pct to HK$2.84, lowest since Nov 28; heads for their biggest intraday pct decline since March 23

** Zijin Mining plans to sell up to 8 bln yuan ($1.16 bln) worth of new shares in Shanghai to help fund its purchase of Canada’s Nevsun Resources Ltd

** Company aims to sell up to 3.4 bln A shares to investors in China

** The Hong Kong benchmark index falls 2.2 pct (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)

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