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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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December 15, 2014
08:08 EDTKGJIKingold Jewelry terminates At Market Issuance sales agreement
Kingold Jewelry announced that it and MLV & Co. mutually agreed to immediately terminate the previously announced At Market Issuance Sales Agreement pursuant to which the company could have offered and sold up to $10M of shares of its common stock from time to time with MLV as sales agent. The company did not sell any shares of its common stock under the ATM Facility. The Chairman of Kingold intends to schedule a meeting of its board of directors to review corporate strategy with a view towards enhancing stockholder value, the company noted. The review process will be ongoing and is expected to define corporate goals that focus on increasing stockholder value, providing greater access to management, setting high standards of corporate governance, reviewing the role of professional advisors and providing investors with the appropriate level of information and transparency.
December 9, 2014
07:06 EDTKGJIKingold Jewelry provides update on at-the-market offering
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