Understanding the Market | GT GOLD rises over 5% again, company has submitted a transfer application, main board listing is expected to boost valuation and liquidity
GT GOLD rose over 5% again, as of the time of writing, it rose 3.51%, reported at HKD 0.59, with a transaction amount of HKD 10.1004 million. In terms of news, GT GOLD previously announced that the company has submitted an application for a transfer listing to the Stock Exchange on October 10, 2025, in accordance with Chapter 9B of the Main Board Listing Rules. The transfer listing will not involve the company issuing any new shares. The announcement pointed out that in recent years, the group has maintained a stable financial performance, business growth, and expansion. The board of directors 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. Public information shows that GT GOLD's main gold mine is the Taizhou Gold Mine project located in Tongguan County, Shaanxi Province, situated in the area known as the "Thousand-Year Gold Mine" in the small Qinling region. The company previously announced a placement of 1.039 billion new shares, expecting a net fundraising amount of approximately HKD 274 million, of which about 70% is 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, as well as AI mining cooperation, and approximately 25% will be used to supplement working capital
According to Zhitong Finance APP, GT GOLD (08299) has risen over 5% again, and as of the time of writing, it is up 3.51%, priced at HKD 0.59, with a transaction volume of HKD 10.1004 million.
In terms of news, GT GOLD previously announced that the company has submitted an application for a transfer listing to the Stock Exchange on October 10, 2025, in accordance with Chapter 9B of the Main Board Listing Rules. 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 steady financial performance, business growth, and expansion. The board of directors 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.
Public information shows that GT GOLD's main gold mine is the Taizhou Gold Mine project located in Tongguan County, Shaanxi Province, situated in the area known as the "thousand-year gold mine" in the small Qinling region. The company previously announced a placement of 1.039 billion new shares, expecting a net fundraising amount of approximately HKD 274 million, of which about 70% is 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, as well as AI mining cooperation, and approximately 25% will be used to supplement working capital
