Hong Kong Gold Industry Group Raises MJS Stake, Spending HK$92.34 Million for Another 6.63% Equity Interest - BigGo Finance

AI desk brief

Hong Kong Gold Industry Group is deepening its upstream gold exposure, agreeing to buy another 94.23 million MJS shares for HK$92.35 million, lifting its stake to about 9.45% after a first purchase in September. The latest deal implies roughly HK$0.98/share, a 25% premium to the earlier entry price of HK$0.785/share, suggesting the buyer is marking up its view of MJS’s asset value.

MJS’s core asset is the SJG gold project in China, with both open-pit and underground production already in place and mining licences extending to 2031. The company said the strategic shareholder could help with overseas project opportunities and diversification, but the transaction is still subject to conditions and is unlikely to have near-term financial impact.