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Stock Market & Financial Investment News

News Breaks
July 12, 2012
08:31 EDTKGJIKingold Jewelry announces share repurchase program
Kingold Jewelry announced that Kingold's board has authorized the repurchase of up to $10M of issued and outstanding shares of Kingold's common stock in the open market or in privately negotiated transactions at any time and from time to time during the twelve-month period ending July 12, 2013. Kingold currently has approximately 53.4 million common shares outstanding.
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January 21, 2015
08:36 EDTKGJIKingold obtains presale approval for Kingold Jewelry Industry Park
Kingold Jewelry announced that the company has obtained approval from the Wuhan Housing Security and Management Bureau in Wuhan, China to pre-sell certain commercial units within the Kingold Jewelry International Industrial Park. The company formally received two separate "Certificates of Presale of Commercial Properties" from Wuhan Housing Security and Management Bureau, which cover five commercial buildings, totaling approximately 123,600 square meters. The company is now seeking potential buyers for these commercial properties, and is expected to utilize any proceeds from the presale of these units to complete construction on the Jewelry Park. Kingold expects to complete the Jewelry Park within the previously announced timeframe, and plans to schedule a grand opening ceremony in December 2015.

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