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| First gold shares issued in Shanghai |
| CCTV.COM 2003-07-30 15:07:16 |
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Zhongjin Gold, one of China's largest gold mining firms and the largest gold suppliers issued 100 million A shares to the public on July 30th. It's the first listed stock issued in China that allows the Chinese public to invest in the gold industry.
The 100 million Yuan－dominated A shares are issued at 4.05 yuan, or 0.49 US dollars per share through the Shanghai Stock Exchange.
At present, Zhongjin Gold produces 10 tons of gold from its mines, and refines and processes 30 tons of gold a year. The company is one of the 108 trading members limited to spot transactions on the Shanghai Gold Exchange.
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Editor: Yang Feiyang CCTV.com
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