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Hong Kong stocks are volatile. Golden industrial concept ranks first in terms of decline, with chinagoldintl falling more than 8%. International gold prices continue to fall.
As of press time, the stocks of gold companies are leading the decline, with Chinagoldintl (02099) down 8.48% to HKD 42.1, Lingbao Gold (03330) down 6.61% to HKD 3.11, SD Gold (01787) down 5.46% to HKD 15.94, and Zijin Mining Group (02899) down 4.46% to HKD 15.
SD Gold's subsidiary, Yintai Gold Co., Ltd., has changed its stock abbreviation to "Shanjin International".
SD Gold (01787) announced that its wholly-owned subsidiary Yintai Gold Co., Ltd. (hereinafter referred to as "Yintai Gold") held the second interim shareholders' meeting in 18th July 2024, which approved the proposal to change the company's full name and stock abbreviation. Yintai Gold has completed the registration and filing procedures for the change. The specific changes are as follows: The Chinese full name will be changed from "Yintai Gold Co., Ltd." to "Shandong Gold International Co., Ltd."; the stock abbreviation will be changed from "Yintai Gold" to "Shandong Gold International". This is the change made by Yintai Gold.
sd gold (600547.SH): Yintai Gold Co., Ltd. abbreviated name changed to "Shanjin International".
On July 24th, Gelunhui reported that SD Gold (600547.SH) announced that the matter of changing the securities abbreviation of Yintai Gold has been submitted to the Shenzhen Stock Exchange in advance in writing and has been reviewed and found to have no objection by the Shenzhen Stock Exchange. Starting from July 25th, 2024, the securities abbreviation of Yintai Gold will be changed from "Yintai Gold" to "Shanjin International", and the securities code will remain unchanged, still "000975".
Shandong Gold Mining Bags Daquiao Mining Rights for 1.35 Billion Yuan
SD Gold (01787.HK) won the detailed exploration right of the Daqiao gold mine for 1.347 billion yuan.
On July 24th, GeLongHui reported that SD Gold (01787.HK) issued an announcement stating that the Shanghai Financial Court issued a public auction notice for detailed exploration and mining rights of gold and multiple metal mines in Daqiao, Xihexian, Gansu Province (referred to as "Daqiao Gold Mine Detailed Exploration and Mining Rights") on June 13, 2024, and conducted a public online judicial auction from 10:00 on July 19, 2024 to 10:00 on July 22, 2024 (excluding delay). On July 19, 2024, the Company's Sixth Board of Directors reviewed and approved the "Proposal on the Company and its Subsidiaries Participating in the Mining Rights Auction," and agreed that the company and its holding subsidiaries participate in the auction.
Gold: Easy Come, Easy Go – Commerzbank
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