Clifford Modern Living Invests Further HK$46 Million in Gold Bullion
MT Newswires Live
Feb 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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