HONG KONG -- Chifeng Jilong Gold Mining, China's largest private gold producer, made a flat debut on Hong Kong's stock exchange on Monday, with the country's weak economic outlook clouding optimism over record bullion prices.
The stock opened at HK$13.72, on par with the offer price, which was set at the lower end of the pricing range. The shares slipped more than 1% at one point, but ultimately closed their first day of Hong Kong trading where they started.
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