On September 30, CHIFENG GOLD rose 3.35% in regular trading, trading at 35.68 HKD/share, with turnover of approximately 38.84 million HKD.

On the news front, the company announced on September 28 that controlling shareholder Li Jinyang and concert party Zhejiang Hanfeng signed a supplemental agreement with Zijin Gold, extending the deadline for fulfilling conditions precedent for the share transfer and the H-share directed placement to November 30. The announcement explicitly noted that the vast majority of preconditions have already been satisfied and closing preparations are proceeding in an orderly manner.

The transaction involves Zijin Mining acquiring CHIFENG GOLD A-shares and H-shares for a total consideration of approximately 18.26 billion yuan. Upon completion, Zijin Gold will become the controlling shareholder. The deadline extension is viewed as a positive signal that the deal remains on track. Meanwhile, the broader gold sector traded higher, with SD GOLD up 3.35%, ZIJIN GOLD INTL up 2.73%, and ZHAOJIN MINING up 1.71%.

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