|
|
News Breaks | | | | January 16, 2013 | | 08:34 EDT |  | KGJI | Kingold 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. | |
|
News For KGJI From The Last 14 Days Check below for free stories on KGJI the last two weeks. |
|
|
| There are no results for KGJI |
|
|
|
|
|
|
