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An announcement from Wanguo International Mining Group Ltd. ( (HK:3939) ) is now available.
Wanguo Gold Group Limited has entered into a processing technical service contract with Xiamen Zijin Mining & Metallurgy Technology Co., Ltd. for its Gold Ridge Mine in the Solomon Islands. The contract, valued at RMB1.69 million, involves technical services to enhance gold recovery and optimize production processes. This transaction is a connected transaction under Hong Kong’s listing rules due to Zijin Mining’s substantial shareholding in Wanguo Gold Group, but it is exempt from disclosure requirements due to its de minimis nature.
More about Wanguo International Mining Group Ltd.
Wanguo Gold Group Limited, incorporated in the Cayman Islands, operates in the mining industry with a focus on gold production. The company owns the Gold Ridge Mine located in the Solomon Islands and is involved in various mining and processing activities.
YTD Price Performance: 98.95%
Average Trading Volume: 4,591,234
Technical Sentiment Signal: Sell
Current Market Cap: HK$24.71B
Learn more about 3939 stock on TipRanks’ Stock Analysis page.