Changes in Hong Kong stocks | Shandong Gold (01787) rose nearly 4% Recently, Shanjin International plans to increase capital for Hainan Shengwei to seize Hainan Free Trade Port policy opportunities

The Zhitong Finance App learned that Shandong Gold (01787) rose nearly 4%. As of press release, it had risen 3.31% to HK$34.36, with a turnover of HK$150 million.

According to the news, recently, Shandong Gold announced that in order to implement the strategic development plan, seize the opportunities of the Hainan Free Trade Port policy, enhance the operating strength of Hainan Shengwei, a wholly-owned subsidiary of the company's holding subsidiary, and promote the project construction of Osino Gold Mining and Exploration (Pty) Ltd., an overseas subsidiary of Hainan Shengwei, Shanjin International plans to use its own capital to invest 1.4 billion yuan in Hainan Shengwei, all of which will be included in the capital reserve without increasing its registered capital. After this capital increase, Shanjin International still directly holds 100% of Hainan Shengwei's shares.