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Subdued Growth No Barrier To Western Region Gold Co., Ltd. (SHSE:601069) With Shares Advancing 33%
A shares midday review: Chinext Price Index fell by 1.82%, over 4,700 stocks declined, while Gold and Banks stocks rose against the trend.
As of the midday break, the Shanghai Composite Index fell by 0.97% to 3318.77 points, the Shenzhen Component Index fell by 1.66%, and the Chinext Price Index fell by 1.82%.
A-shares afternoon review: The Shanghai Composite Index fell by 0.71%, with over 4,200 stocks declining, while Gold and pharmaceutical stocks rose against the trend.
As of the midday break, the Shanghai Composite Index fell by 0.71% to 3349.68 points, the Shenzhen Component Index fell by 0.53%, and the Chinext Price Index fell by 0.58%.
Western Region Gold (601069.SH): The Hami gold mine will begin its Infrastructure work in July 2025.
On March 21, Gelonghui reported that Western Region Gold (601069.SH) announced that the Hami gold mine has begun compiling reports for safety pre-evaluation, social stability risk analysis, environmental impact assessment, occupational disease hazard pre-evaluation, and a survey of hidden disaster-causing factors. Once completed, overall preliminary design, safety facility design, and construction drawing design can proceed, with plans to complete the above work by June 2025. According to the feasibility study report, the Hami gold mine will commence Infrastructure work in July 2025, and production can resume once the relevant work is completed. The recently audited data for the suspended subsidiary covers the period of January to December 2023.
Western Region Gold (601069.SH): Vice Director Yang Shengrong has increased his Shareholding by a total of 0.88%.
On February 18, Glonghui reported that Western Region Gold (601069.SH) announced that on February 17, 2025, it received a notification letter from Mr. Yang Shengrong, the company's second-largest Shareholder and Vice Director, regarding the results of his Shareholding of Western Region Gold Co., Ltd. As of February 17, 2025, Mr. Yang Shengrong has cumulatively increased his shareholding through the centralized bidding trading system of the Shanghai Exchange by 8,101,800 shares, accounting for 0.88% of the company's total share capital, with a total investment amount of 100.0172 million yuan, and the Shareholding plan has now been completed.
Western Region Gold (SHSE:601069) Might Be Having Difficulty Using Its Capital Effectively
Subdued Growth No Barrier To Western Region Gold Co., Ltd.'s (SHSE:601069) Price
