CICC Assists Kazatomprom in Completing Its GDR Listing on LSE

Kazatomprom JSC NAC (Kazatomprom or Company, Stock Code: KAP ) successfully completed its ordinary share and Global Depositary Receipts (GDR)’s listing on Astana International Exchange (AIX) and London Stock Exchange (LSE) on November 14th and 16th, 2018 respectively, becoming the largest IPO of uranium mining company. CICC is the joint bookrunner of its GDR IPO on LSE.

Kazatomprom is the world's largest producer of uranium, representing approximately 20% of total global uranium primary production in 2017. The Group benefits from the largest reserve base in the industry. Kazatomprom operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 13 mining assets, all of which are located in Kazakhstan. All of the Group's uranium deposits are suitable for ISR. A combination of the cost-efficient, low impact ISR technology and a long-life mining asset base allows the Group to remain sustainably among the leading and the lowest cost uranium producers globally.

With the alliance of domestic and overseas equities underwriting platforms, CICC provided comprehensive investment banking services for Kazatomprom, and assisted the Company in the completion of listing on London Stock Exchange. Also, CICC has become the market maker of its GDR listed on AIX to support its post-IPO liquidity. The IPO of Kazatomprom is CICC’s another Belt & Road Initiative transaction after UC Rusal’s panda bond issuance, Israeli Company Sisram Medical’s IPO on Hong Kong Stock Exchange, and Kazakhmys’ secondary listing on Hong Kong Stock Exchange.

In the near future, as a leading investment bank with “China Roots, International Reach”, CICC will continue to facilitate bilateral investment and financing between China and Kazakhstan and to provide high-quality financial services for governments, institutions and enterprises of Kazakhstan, promoting the concretion of the Belt and Road Initiative.