Hong Kong Stock Market Movement | Hanwang Gold (03788) rose over 8% in early trading. The company plans to invest over HKD 800 million to acquire equity in the gold business to achieve 100% ownership.

2026-03-27 06:14:32

Zhitong Finance APP has learned that Hanwang Gold (03788) rose over 8% in early trading, with a current increase of 8.33%, priced at HKD 3.77, with a transaction volume of HKD 11.9723 million.

In news, Hanwang Gold announced plans to spend HKD 814.6 million to acquire the remaining 9.56% stake in Hanwang Gold Limited. Upon completion, the company will own 100% of the high-value gold assets in Australia, including 5.54 million ounces of gold resources and 2.62 million ounces of gold reserves that comply with JORC (2012) standards, marking the company’s further step towards becoming a medium-sized gold producer.

Public information shows that in January this year, China Hanwang announced the termination of the original Hanwang Gold spin-off plan, opting instead to focus on gold business through its parent company to avoid prolonged approval cycles and expedite the production and value realization of Mt Bundy; the company plans to rename itself “Hanwang Gold International Limited” to strengthen its positioning as a “medium-sized gold producer”; Dr. Qiu Yumin will serve as executive director, president, and CEO, while Mr. Xia Zhuo will serve as the chairman of the board. In addition, the company’s Chinese stock abbreviation has been changed from “China Hanwang” to “Hanwang Gold.”

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