Changes in Hong Kong stocks | Wanguo Gold Group (03939) rose nearly 7% in early trading, and its subsidiary Jinling Mining is expected to become a world-class gold mine

The Zhitong Finance App learned that Wanguo Gold Group (03939) rose nearly 7% in early trading. As of press release, it had risen 6.1% to HK$7.65, with a turnover of HK$92.9427 million.

Societe Generale Securities released a research report stating that Wanguo Gold Group has superior growth and profitability. The company's main increase comes from Jinling Mining. The Solomon Gold Preparation Plant has begun a construction plan of 10 million tons/year. Zijin will enable the construction of the Zijin Project. After commissioning, the harvesting scale will increase from the current 3.5 million tons/year to 13.5 million tons/year. It is expected to be completed and put into operation in 2028. It is estimated that the annual gold production is expected to reach 15 tons, making it a world-class gold mine.

It is worth noting that Wanguo Gold Group previously completed a “1 split of 4” shares, and the trading unit for each lot was changed from 2,000 shares to 500 shares. The announcement stated that it is expected that the share breakdown will lead to a reduction in the trading price of each share and the market value of the trading unit of each lot of shares. In view of current market conditions, a highly liquid market will provide investors with greater flexibility to trade the Company's shares, thereby promoting the company's future growth and development.