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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.
News For KGJI From The Last 14 Days
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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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