HK Stock Market Move | Emperor E Hotel (00296) once rose nearly 18%, selling a total of 79 kilograms of gold bricks for a total investment of approximately HK$99.7 million.

EMPEROR E HOTEL (00296) rose nearly 18% at one point, and as of the time of drafting, it has risen by 7.72% to 0.265 Hong Kong dollars, with a turnover of 588,700 Hong Kong dollars. In terms of news, it was previously reported that the iconic "Golden Road" in the lobby of EMPEROR E HOTEL in Macau has disappeared, with the 78 kilograms of gold that were originally embedded in the floor tiles missing, suspected to have been removed by staff overnight. When asked about this issue, a staff member of EMPEROR E HOTEL in Macau confirmed that there was indeed 78 kilograms of gold in the floor tiles, which was removed on the evening of January 29th. However, the removal was not related to the gold price, but rather due to internal renovation needs, and the gold will be exhibited again after the renovation is completed. On the evening of February 4th, EMPEROR E HOTEL announced that its non-wholly owned subsidiary, Right Achieve Limited, had sold a total of 79 kilograms of gold bricks to Heraeus Metal Hong Kong Limited for approximately 99.7 million Hong Kong dollars. Given the current market conditions and the high market price of this precious metal, the directors believe that the sale is a good opportunity for the group to realize and release the value of the precious metal, while also saving on security and insurance costs associated with the precious metal in the future. The gold bricks were accounted for as property, plant, and equipment at cost by September 30, 2025, with the book value of the precious metal being approximately 9.4 million Hong Kong dollars.