New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
October 23, 2012
14:02 EDTKGJIKingold Jewelry signs agreement with Shanghai Laofengxiang
Kingold Jewelry has entered into a major gold-processing agreement with Shanghai Laofengxiang Jewelry Research Institute, a subsidiary of Shanghai Laofengxiang Co., Ltd.Pursuant to the agreement, Kingold will process a variety of 24-karat gold jewelry products for Shanghai Laofengxiang beginning immediately until December 31, 2013. Kingold will process at least 5 tons, or approximately 176,370 ounces, of jewelry products until the expiration date of the agreement. In contrast, Kingold processed around 2 tons of gold jewelry for Shanghai Laofengxiang in 2011. Based on the processing fee of RMB 10.6 yuan per 1 gram of 24-karat gold, this would equate to approximately RMB 53M or $8.4M of processing fees in the next five quarters.
News For KGJI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for KGJI

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use