Tongguan Gold Group (HKG:0340) unit Grand Gallant Investments completed the acquisition of Wise Trend Investment from Jumbo China, a Nov. 7 Hong Kong bourse filing said.

Shares of the gold miner were up over 2% in Monday afternoon trading.

The parties first entered into an agreement regarding the purchase in March.

As compensation, the firm has issued 800 million shares to the seller under the deal.