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Stock Market & Financial Investment News

News Breaks
January 16, 2013
08:34 EDTKGJIKingold Jewelry signs $40.2M gold leasing agremeent with China Construction Bank
Kingold Jewelry announced that the company has signed a Gold Leasing Agreement with China Construction Bank's Wuhan Jiang'An branch. Because the market price of gold may fluctuate during the term of the Agreement, Kingold and CCB have agreed to a cap of 95% on the credit line based on the actual value of gold loans outstanding at any time under the credit facility. Kingold anticipates utilizing this access to additional gold reserves to accelerate the turnover of capital and inventory, to further develop its 24K gold jewelry and investment gold business by expanding market share, as well as further improving its leading position in the 24k gold processing industry.
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July 31, 2014
08:34 EDTKGJIKingold Jewelry changes payout schedule for special 8c cash dividend
Kingold Jewelry announced an adjustment to the payout date of its previously announced special cash dividend of 8c per share of common stock. The dividend will now be payable no later than August 28 to stockholders of record as of June 30. The change is due to the company requiring additional time to receive provincial government approvals in order to disperse the appropriate funds to stockholders. The total amount of cash distributed in the dividend is expected to be approximately $5.3M.

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