Understanding the Market | GT GOLD rises over 12%, the actual controller of WanGuo Gold will become the second largest shareholder, the company plans to explore for gold in the deep part of the Xiao Qinling gold mine
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GT GOLD's stock price rose nearly 11% again, closing at HKD 0.455, with a trading volume of HKD 27.2915 million. The company plans to place up to 1.039 billion new shares at HKD 0.275 per share, raising a net amount of approximately HKD 274 million. The actual controller of the International Gold Group, Gao Mingqing, will become the second-largest shareholder of GT GOLD. The funds raised will be used for mineral forecasting in mining areas and the development of AI mining models, demonstrating the company's strategic foresight in its main business development and technological layout
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