HK Stock Market Move | GT GOLD (08299) rises by more than 5% and the company has submitted an application for transfer to the main board. Main board listing is expected to boost valuation and liquidity.

GT GOLD (08299) rose by over 5%, rising by 3.51% to 0.59 Hong Kong dollars as of the time of this report with a turnover of 1010.04 million Hong Kong dollars. On the news front, GT GOLD previously announced that the company had submitted an application for transfer listing to the Stock Exchange on October 10, 2025 in accordance with Chapter 9B of the Main Board Listing Rules. The transfer listing will not involve the issuance of any new shares by the company. The announcement pointed out that in recent years, the group has maintained stable financial performance, business growth, and expansion. The Board of Directors believes that the transfer listing will effectively enhance the company's corporate image and public awareness with a larger total market value, higher trading volume, and significantly improved international recognition on the main board market. Public information shows that GT GOLD's main gold mine is the Taizhou Gold Mine project located in Tongguan County, Shaanxi Province, in the area known as the "Thousand-Year Gold Mine" in the Xiaoxianling region. The company previously announced the placement of 1.039 billion new shares, expecting a net proceeds of approximately 274 million Hong Kong dollars, of which about 70% are reserved for future acquisitions, about 5% for deep exploration and research of Xiaoxianling resources with universities and top mining companies in Shaanxi Province, as well as AI mining cooperation, and the remaining about 25% will be used for replenishing working capital.