Continental Completes Sale of Hongzhuang Gold Mine Holding Unit

MT Newswires Live

01/27

Continental (HKG:0513) said it completed the sale of its indirect unit, Big Bonus, according to a Hong Kong bourse filing Tuesday.

The firm announced the sale in September 2025, saying it was selling the owner of the Hongzhuang gold mine in China's Henan province to Cubic Stone Holdings.

The parties settled at a sale price of 33.4 million yuan and transfer of HK$265.9 million in loans that Big Bonus owes to its parent company, Continental Mining.

Continental said it was selling the business as the Hongzhuang gold mine had not generated any significant revenue since its acquisition in 2011.

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