Fosun jewelry unit mines gold from new investors even as its profit shrinks
A Bank of China unit agreed to pump 400 million yuan into Shanghai Yuyuan Jewelry Fashion Group, becoming one of the company’s latest new investors Key Takeaways: Bank of China…
High gold prices may take the shine off Hipine as it seeks Hong Kong IPO
The maker of gold watches is grappling with high production costs and weak sales growth following a big jump in prices of the precious metal Key Takeaways: Hipine has filed…
ATRenew capitalizes on government incentives to achieve solid growth in its core business
The recycling specialist’s revenue rose 27.5% in the first quarter, representing its fastest growth in more than a year Key Takeaways: ATRenew reported its fastest quarterly revenue growth in more…
Zijin Mining sees gold in IPO for international arm
The company hopes to take advantage of record gold prices to raise big money from a separate listing for its overseas business mining the precious metal Key Takeaways: Zijin Mining…
BRIEF: Luk Fook’s revenue, same-store sales fall in March quarter
Jewelry store operator Luk Fook Holdings (International) Ltd. (0590.HK) said last Thursday its retailing revenue fell 1% in the three months to March year-on-year, while its same-store sales fell 10%…
BRIEF: Surging Laopu Gold to boost share float after full circulation approval
Gold jewelry maker and retailer Laopu Gold Co. Ltd. (6181.HK) said on Tuesday it has received approval from the Hong Kong Stock Exchange to make all of its H-shares freely…
BRIEF: Chifeng Gold opens flat in Hong Kong trading debut
Shares of gold miner Chifeng Jilong Gold Mining Co. Ltd. (6693.HK). opened flat in their Monday trading debut in Hong Kong, as the company raised HK$2.68 billion ($345 million) in…
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Fosun jewelry unit mines gold from new investors even as its profit shrinks
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