HK Stock Market Move | DRAGON MINING (01712) surges over 300% as the restructuring plan is officially implemented. The introduction of the new company, Longjin Resources, takes effect today.

DRAGON MINING (01712) soared over 300% this morning. As of the time of writing, it has risen by 311.33%, trading at HKD 8.35, with a transaction volume of HKD 19.2087 million. In news, DRAGON MINING announced this morning that the previously arranged restructuring plan has officially been implemented today. The former holding company "DRAGON MINING" has changed from its original registration in Australia to "," registered in Hong Kong. The listing status of the original holding company "DRAGON MINING" will officially be revoked starting at 9 AM today, and shares of the new holding company "" will begin trading on the main board by way of introduction, with the stock code remaining 1712. DRAGON MINING's previously released interim results for the first half of 2026 show that the company had customer revenue of AUD 107 million, a year-on-year increase of 97.1%; net profit was AUD 63.809 million, a year-on-year increase of 402.7%. The increase in after-tax net profit is mainly due to the rise in the average gold price during the period; the improvement in ore grade and gold recovery rate at the Vammala plant resulted in an increase of 17,751 ounces in gold production during the period; revenue was also generated from the sale of the companys holdings in Aurion Resources Limited.