NEWS WRAP: Laopu Gold forecasts triple profit growth on booming demand
The high-end jeweler said its profit rose about 250% last year as it tapped into China’s rising appetite for luxury gold items By Teri Yu Luxury jeweler Laopu Gold Co.…
Rising gold prices take the shine off Chow Sang Sang
The jewelry chain warned its profit fell 40% in the first half of the year, as surging gold prices eroded demand for gold accessories Key Takeaways: Chow Sang Sang said…
Once branded a copycat jeweler, Zhou Liu Fu seeks gold in Hong Kong
The company, whose name resembles two popular Hong Kong rivals, has filed for a Hong Kong IPO after its application to list on China’s A-share market went nowhere Key Takeaways:…
Laopu Gold seeks IPO riches as its glittery margins raise questions
After two failed attempts to list in Shenzhen, the heritage gold seller has redirected its efforts towards the Hong Kong Stock Exchange Key Takeaways: Laopu Gold earned 416 million yuan…
Chow Tai Fook glitters as hedge against lower interest rates
China’s leading jewelry seller has benefited from spiking gold prices that reached an all-time high after Iran’s drone attack on Israel last week Key Takeaways: Chow Tai Fook’s sales grew…
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