SD GOLD (01787) released an announcement to fully utilize the financial derivatives market and effectively reduce the impact of Precious Metals and Nonferrous Metals...
According to the Zhizhong Financial APP, SD GOLD (01787) released an announcement to fully utilize the financial derivatives market and effectively reduce the impact of fluctuations in the spot market prices of Precious Metals and Nonferrous Metals on the production, operation, and Trade of its holding subsidiary, Shanjin International Golden Co., Ltd. (hereinafter referred to as "Shanjin International") and its subsidiaries, ensuring relatively stable Operating performance. Shanjin International's wholly-owned subsidiaries Shanghai Shengwei Mining Investment Co., Ltd., Hainan Shengwei Trading Co., Ltd., Ningbo Yongsheng Rongxin International Trade Co., Ltd., and the holding subsidiary Shanghai Shenghong Rongxin International Trade Co., Ltd. and its subsidiary YTSHSINGAPOREPTE.LTD. intend to engage in derivative trading business. The derivative trading business is expected to have a maximum contract value held on any trading day not exceeding 9 billion yuan or its equivalent in Other MMF, and the margin amount used for trading at any point in time will not exceed 0.7 billion yuan or its equivalent in Other MMF. The above limits can be recycled within the validity period. The source of funds will be from Shanjin International's own funds or self-raised funds.
