HK Stock Market Move | GT Gold (08299) rises more than 7%, the expectation of the company's transfer to the main board is gradually increasing, acquiring gold mining assets to expand its resource map.

GT GOLD (08299) rose more than 7%, rising 7.02% to HK$0.61 as of the time of writing, with a turnover of HK$28.15 million. On the news front, in December last year, GT GOLD announced that it had submitted an updated application to the Stock Exchange for transfer listing in accordance with Chapter 9B of the Main Board Listing Rules, including all necessary documents/information. Analysts believe that for companies like GT GOLD with sustained high growth, a successful transfer listing will be a key leap to unlocking the company's valuation ceiling. At that time, GT GOLD is expected to attract more institutional funds with its high-quality fundamentals, and the company's true intrinsic value is expected to be fully reflected under the dual logic of performance growth and valuation recovery. In addition, at the end of last month, GT GOLD disclosed an announcement regarding the acquisition of a mature gold mining asset in Ningshan County, Shaanxi Province. The announcement stated that GT GOLD plans to acquire all of the issued shares of the target company, Changsheng Investment Co., Ltd., from Seller Country Gold Investment Holdings Limited for a total consideration of HK$585 million. After the completion of the transaction, the target group will become a direct wholly-owned subsidiary of GT GOLD, indirectly holding 80% of the project company, with its performance, assets, and liabilities being consolidated into the company's financial statements.