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Tongguan Gold Group Ltd. ( (HK:0340) ) has shared an announcement.
Tongguan Gold Group Ltd. has entered into a definitive precious metals purchase agreement with Zijin Metal Company Limited, formalizing a previously announced streaming transaction. This agreement is part of the company’s strategy to strengthen its financial position and enhance its operational capabilities in the gold mining sector. The transaction does not constitute a notifiable transaction under Hong Kong’s listing rules, indicating a streamlined process with minimal regulatory hurdles.
More about Tongguan Gold Group Ltd.
Tongguan Gold Group Ltd. operates in the precious metals industry, focusing on the extraction and sale of gold. The company is engaged in mining activities and seeks to expand its market presence through strategic transactions.
YTD Price Performance: 291.84%
Average Trading Volume: 28,109,095
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.44B
For detailed information about 0340 stock, go to TipRanks’ Stock Analysis page.