Chi Kingstone (01380) fell more than 12% at the close, dropping 5.88% as of the time of publication to 0.208 Hong Kong dollars, with a turnover of 85.8276 million Hong Kong dollars. It is worth noting that the company's current total market value is less than 50 million Hong Kong dollars, with a turnover ratio exceeding 140% today and as high as 330% for the week.
According to the Zhongtong Finance APP, Chi Kingstone (01380) fell more than 12% at the close, dropping 5.88% as of the time of publication to 0.208 Hong Kong dollars, with a turnover of 85.8276 million Hong Kong dollars. It is worth noting that the company's current total market value is less than 50 million Hong Kong dollars, with a turnover ratio exceeding 140% today and as high as 330% for the week.
On the news front, Chi Kingstone announced that it has signed a memorandum of understanding with the independent third party Sino-American Energy SpA, with the company intending to acquire seven mining rights related to the Pureo gold mining project located in the southern part of Chile, involving a mining area of approximately 737 hectares. At the same time, both parties will cooperate to develop the Pureo project. The price of the potential acquisition is subject to further negotiation between both parties.
It is reported that chi kingstone Mining Holdings Limited is a Chinese investment holding company mainly engaged in the business of mining, processing, and trading of marble and marble-related products. The company owns and operates mines including Zhangjiaba Mine and Tujisi Mine. The main products of the company include yellow marble slabs and raw materials. The company also engages in architectural curtain wall design and construction business and architectural decoration business through its subsidiaries.