HK Stock Market Move | TAUNG GOLD (00621) resumes trading with a high opening of 124% due to the delay in publishing the full-year performance results, which led to the suspension of trading at the end of June last year.

TAUNG GOLD (00621) resumed trading with a high opening of 124%, rising by 124.14% to 0.065 Hong Kong dollars, with a trading volume of 39,000 Hong Kong dollars at the time of this report. On the news front, TAUNG GOLD announced that the company has reached a resumption guidance, including publishing all unpublished financial performance, proving sufficient operational capacity and valuable assets, and disclosing all important information to the market. The company stated that it has applied to the Stock Exchange for the resumption of stock trading from the 7th. It is reported that at the end of June 2023, TAUNG GOLD announced that the company is still determining the book value of its South African mining assets and needs additional time to obtain more proof documents and reports for the auditors to work on, and will not be able to publish the full year performance by June 30 in accordance with listing rules. Therefore, the company's shares are expected to be suspended from trading starting from July 3 (Monday).