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Tongguan Gold Group Ltd. ( (HK:0340) ) has shared an update.
Tongguan Gold Group Limited has completed the acquisition of 100% equity interest in a target company through a share transaction conducted under its general mandate, with consideration settled by issuing new shares. Following the closing on 9 January 2026, the target company became a wholly owned subsidiary and its financial results will be fully consolidated into Tongguan Gold Group’s financial statements, potentially enlarging the group’s asset base and reinforcing its operational scale and control within its portfolio.
The most recent analyst rating on (HK:0340) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Tongguan Gold Group Ltd. stock, see the HK:0340 Stock Forecast page.
More about Tongguan Gold Group Ltd.
Tongguan Gold Group Limited is a Hong Kong-listed company incorporated in Bermuda, operating in the gold and related resources sector. The group focuses on gold-related investments and operations, leveraging corporate acquisitions and equity transactions to expand its asset base and consolidate control over its operating subsidiaries.
YTD Price Performance: 12.50%
Average Trading Volume: 17,890,201
Technical Sentiment Signal: Buy
Current Market Cap: HK$15.59B
See more insights into 0340 stock on TipRanks’ Stock Analysis page.