Leyshon plans secondary listing in Hong Kong

LONDON, June 30 (Reuters) - London-listed Leyshon Resources (LRL.L: Quote, Profile, Research) is planning a secondary listing on the Hong Kong stock exchange to accelerate production at its Northeastern China Heilongjiang mine, the China-focused gold miner said on Monday.

Heilongjiang, which Leyshon is jointly developing with China's Heilongjiang Bureau of Geology and Mineral Resources, is expected to start production by the end of next year, with an estimated annual output in excess of 100,000 ounces of gold.

Leyshon said the listing will help expand its shareholder base and fund-raising opportunities, in particular in the rapidly growing Asian market. But it declined to provide fiancial details. Leyshon, whose shares stand unchanged at 22.75 pence, is valued at 52.3 million pounds ($104.3 million). (Reporting by Hsu Chuang Khoo; Editing by Quentin Bryar)