HK Stock Market Move | Heng Wang Gold (03788) rises by nearly 11% again, stock abbreviation completed change, focus on accelerating transformation of gold mining business.

King Gold (03788) rose by nearly 11%, rising to 10.75% as of the time of release, to 5.05 Hong Kong dollars, with a turnover of 48.825 million Hong Kong dollars. On the news front, CHINA HANKING announced that it plans to change its Chinese stock abbreviation from "CHINA HANKING" to "King Gold" starting at 9:00 am on March 11. The stock code remains the same, still "03788". The announcement stated that the company's renaming and related changes will better reflect the value of the company's gold assets and focus on the strategic transformation of becoming a medium-sized gold producer. In January of this year, the company announced the termination of the original King Gold spin-off plan, instead focusing on gold business under the parent company platform to avoid prolonging the approval process and accelerate the production and value realization of Mt Bundy.