HK Stock Market Move | CHINA HANKING (03788) rose more than 10% in the morning session and will be renamed "Hanking Gold" starting tomorrow, reinforcing its positioning as a mid-sized gold producer.

CHINA HANKING (03788) rose more than 10% in early trading, rising 10.35% to 4.37 Hong Kong dollars as of press time, with a turnover of 38.0323 million Hong Kong dollars. On the news front, CHINA HANKING announced that it plans to change its Chinese stock abbreviation from "CHINA HANKING" to "Hanking Gold" effective from 9 am on March 11. The stock code will remain unchanged as "03788". Public information shows that in January of this year, CHINA HANKING announced the termination of the original Hanking Gold spin-off plan, focusing on the gold business with the parent company as the platform to avoid lengthening approval periods and accelerate the production and value realization of Mt. Bundy. The company plans to rename itself "Hanking Gold International Limited" to strengthen its positioning as a "medium-sized gold producer"; Dr. Qiu Yumin was appointed as executive director, president, and CEO, while Mr. Xia Zhong was appointed as chairman of the board. CHINA HANKING later announced a net fundraising surpassing 770 million Hong Kong dollars for the development of the Mt. Bundy gold mine project in Australia.