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China National Gold Group to Compensate Customers Amid Sudden Closure of Franchise

China National Gold Group to Compensate Customers Amid Sudden Closure of Franchise
theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.

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The winners of a low gold price

Since the gold price fell towards 1,700 US dollars, Chinese in particular have benefited. Since March, the price of gold for the Chinese has gone down by more than 17 percent. For China, the world-s largest gold consumer, this is of course a good time to buy. The country is still in the midst of a pandemic resurgence. So, things could get better in the long run. Because when the festival season starts, retail sellers will also need gold again. According to a representative of China Gold Group-

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What Drove the Surge in Molybdenum Concentrate Prices?_SMM | Shanghai Non ferrous Metals

According to SMM statistics, the domestic molybdenum market has picked up with molybdenum concentrate prices leading the price gains.

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What Drove the Surge in Molybdenum Concentrate Prices?_SMM | Shanghai Non ferrous Metals

What Drove the Surge in Molybdenum Concentrate Prices?_SMM | Shanghai Non ferrous Metals
metal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metal.com Daily Mail and Mail on Sunday newspapers.

Nei mongolInner mongoliaChina gold groupHeilongjiang provinceHebei province

CITIC-backed China National Gold Group looks to raise $139m in Shanghai IPO

CITIC-backed China National Gold Group looks to raise $139m in Shanghai IPO Photo: Lauren Richmond / Unsplash January 27, 2021 China National Gold Group Gold Jewellery Co.,Ltd, a subsidiary of state-owned China Gold Group, has filed a prospectus with The Stock Exchange of Shanghai looking to raise 898 million yuan ($139 million) in an initial public offering (IPO). The company, which kicked off its subscription exercise on Wednesday, plans to offer up to 180 million common shares at a price of 4.99 yuan ($0.77) apiece. State-backed CITIC Group’s brokerage unit CITIC Securities is the principal underwriter for the deal. CITIC Securities is also an investor as it had teamed up with JD.com, Yuexiu Financial Holdings’ industrial fund, Industrial Bank’s Industrial Asset Management, and others to make an undisclosed strategic investment in the company in 2017.

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