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Hong Kong precious metals stocks surge, Chifeng Gold rises over 9%
Mars Finance News, on March 24, Hong Kong gold and precious metals stocks rose again in the afternoon. Chifeng Gold (06693.HK) surged over 9%, GWorld Gold (03939.HK) increased over 8%, Lingbao Gold (03330.HK) rose nearly 8%, Zhaojin Mining (01818.HK), Zijin Gold International (02259.HK), and Zijin Mining (02899.HK) all gained 5%. On the news front, Zijin Mining’s H-share listing platform Zijin Gold International announced yesterday that it will acquire a 25% stake in Chifeng Gold through a combination of agreement transfer and subscription of additional shares, investing 18.258 billion yuan.