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Tongguan Gold Group's (HKG:340) Earnings Are Of Questionable Quality
Trump's "tariff roller coaster"? The Asia-Pacific market recovers lost ground, and Gold's "mad bull" comes to a sudden halt!
"Trump's hundred days in office", 0 points!
Tongguan Gold Group (HKG:340) Pulls Back 7.6% This Week, but Still Delivers Shareholders Strong 27% CAGR Over 5 Years
Hong Kong stocks fluctuate | The Golden Industrial Concept leads the decline as the USA sends signals of trade easing, and international gold prices plummet after hitting a new high.
The Golden Industrial Concept stocks are declining significantly. As of the time of writing, PERSISTENCE RES (02489) is down 10.61%, trading at 1.18 HKD; Chifeng Jilong Gold Mining (06693) is down 8.53%, trading at 29.5 HKD; SD GOLD (01787) is down 7.59%, trading at 23.75 HKD.
Tongguan Gold Group Completes Share Subscription to Boost Gold Production
TONGGUAN GOLD (00340.HK) completed the distribution of a total of 0.327 billion shares.
GLONGHUI reported on April 22 that TONGGUAN GOLD (00340.HK) announced that all the conditions precedent set out in the subscription agreement have been fulfilled, and the subscription has been completed on April 22, 2025, in accordance with the terms and conditions of the subscription agreement. A total of 0.327 billion new shares have been allotted and issued to the subscribers at the subscription price of HKD 0.69 per share, accounting for approximately 8.04% of the company's total issued share capital before the completion. After the completion, the newly issued subscribed shares will expand the total issued share capital by approximately 7.45%. The estimated net proceeds from the subscription are approximately HKD 0.225 billion.