Changes in Hong Kong stocks | China Goldstone (01380) rose nearly 4% and recently signed a memorandum of understanding with the three parties to explore opportunities to expand its business into the field of gold mining

The Zhitong Finance App learned that China Goldstone (01,380) rose nearly 4%. As of press release, it had risen 3.92% to HK$0.53, with a turnover of HK$105,600.

According to the news, recently, China Goldstone announced that the company has signed memorandums of understanding with First Asian Merchant Gold & Silver Co., Ltd. (First Asia) and First Goldstore Holding Group Co., Ltd. (First Goldstore). The Memorandum of Understanding provides a framework for the contracting parties to explore potential cooperation opportunities, with the aim of establishing long-term strategic partnerships and achieving mutually beneficial and win-win commercial benefits.

Additionally, the Group is exploring opportunities to expand its business into the gold mining sector, including those involved in the proposed Chilean gold project. The proposed cooperation under the memorandum of understanding provides a framework for the contracting parties to explore opportunities for potential vertical integration in the gold value chain. According to the memorandum of understanding, contracting parties can explore opportunities to participate in downstream activities (from refining and gold minting to trading, retail, hedging, gold recovery and recycling) with a view to exploring opportunities to participate in a wider range of activities in the gold value chain.