HK Stock Market Move | GT GOLD (08299) rose over 5% and plans to transfer to the main board for listing, increasing the company's internal and external resources.

GT GOLD (08299) rose by more than 5%, as of the time of writing, it was up by 5.56%, trading at 0.57 Hong Kong dollars, with a trading volume of 21.57 million Hong Kong dollars. On the news front, recently, GT GOLD announced that it had submitted an application for a transfer listing to the Stock Exchange of Hong Kong on October 10, 2025 (after trading hours) in accordance with Chapter 9B of the Main Board Listing Rules. The transfer listing will not involve the issuance of any new shares. The announcement stated that in recent years, the group has maintained a stable financial performance, business growth, and expansion. The board believes that the transfer listing will enhance the company's corporate image and public awareness by leveraging the larger total market value, higher trading volume, and significantly improved international recognition of the Main Board market. It is understood that GT GOLD's main gold mine is the Taizhou Gold Project in Tongguan County, Shaanxi Province, located in the small Qinling Mountains area known as the "millennium gold mine." The company previously announced that it would sell up to 1.039 billion new shares at a price of 0.275 Hong Kong dollars per share, equivalent to 13.98% of the existing issued shares. After the placement is completed, it is expected to raise a net amount of approximately 274 million Hong Kong dollars. It is reported that the proceeds from this refinancing will be used in three main directions: approximately 70% reserved for future acquisitions, approximately 5% for deep exploration and research of resources in the small Qinling Mountains in cooperation with universities and leading exploration companies in Shaanxi Province, as well as AI mining cooperation, and about 25% for replenishing working capital.