Clifford Modern Living Invests Further HK$46 Million in Gold Bullion

MT Newswires Live

02/02

Clifford Modern Living (HKG:3686) said it invested a further HK$46.2 million in gold bullion, according to a Hong Kong bourse filing Friday.

Shares of the firm fell nearly 5% in late morning trade Monday.

The firm said it placed two separate orders for the purchase of 670 ounces and 460 ounces of unallocated gold bullion for HK$27.3 million and HK$18.9 million, respectively.

The new purchases come on top of the 1,600 ounces of unallocated gold bullion the firm purchased recently.

The company is buying the gold for investment purposes.

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