Understanding the Market | GT GOLD rises over 5% and plans to transfer to the main board for listing, enhancing resource volume through internal and external growth
GT GOLD's stock price rose by more than 5%, with an increase of 5.56% as of the time of publication, trading at HKD 0.57, with a transaction volume of HKD 21.5754 million. The company has submitted a transfer listing application to the Stock Exchange, which is expected to enhance its corporate image and public recognition. This refinancing will be used for future mergers and acquisitions, resource exploration, and to supplement working capital
According to Zhitong Finance APP, GT GOLD (08299) rose over 5%, with a current increase of 5.56%, priced at HKD 0.57, and a trading volume of HKD 21.5754 million.
On the news front, recently, GT GOLD announced that the company has submitted an application for a transfer listing to the Stock Exchange according to Chapter 9B of the Main Board Listing Rules, effective after the trading session on October 10, 2025. The transfer listing will not involve the issuance of any new shares by the company. The announcement pointed out that in recent years, the group has maintained a robust financial performance, business growth, and expansion. The board believes that the transfer listing will effectively enhance the company's corporate image and public recognition, leveraging the larger total market capitalization, higher trading volume, and significantly improved international recognition of the main board market.
It is understood that GT GOLD's main gold mine is the Taizhou Gold Mine project located in Tongguan County, Shaanxi Province, situated in the region known as the "Thousand-Year Gold Mine" in the small Qinling Mountains. The company previously announced that it would place up to 1.039 billion new shares at a price of HKD 0.275 per share, which is equivalent to 13.98% of the existing issued shares. After the placement is completed, the expected net fundraising amount is approximately HKD 274 million. It is reported that the proceeds from this refinancing will be allocated to three main areas: approximately 70% reserved for future mergers and acquisitions, about 5% for deep resource exploration and research in collaboration with universities and leading exploration companies in Shaanxi Province in the small Qinling Mountains, as well as AI mining cooperation, and approximately 25% will be used to supplement working capital
