As of 2020 the chairperson is jia zhihong and the company is the largest gold processor in the province that is not owned by the chinese government nor provincial nor local governments. Kgji stock quote history news and other vital information to help you with your stock trading and investing.
Bullion has to pass through state inspection and be stamped by accredited refiners before being.
Kingold jewelry. As a result the company faces creditor lawsuits and was delisted by the shanghai gold exchange. Kgji centrally located in wuhan city one of china s largest cities was founded in 2002 and today is one of china s leading designers and manufacturers of 24 karat gold jewelry ornaments and investment oriented products. P kingold jewelry a chinese jewelry manufacturer that is listed on nasdaq is being sued for possible violations of securities laws after a local business publication accused the company of using fake gold bars to obtain bank loans.
Join class action according to the complaint the company made false and misleading statements to the market. Kingold based in wuhan province sells 24 karat gold jewelry and chinese ornaments primarily to chinese retailers. Kingold jewelry announces results of 2019 annual meeting of stockholders.
The company premiered on nasdaq with a. Founded in 2002 kingold is a leading producer of 24 karat jewelry in china and currently supplies large wholesalers as well as dozens of retailers nationwide. The china banking and insurance regulatory commission confirmed the scandal involving nasdaq listed kingold jewelry for the first time as it stressed the need to clamp down on financial.
Kingold jewelry inc s kgji o new york listed shares fell as much as 40 on monday following a media report that alleged the chinese company had obtained loans by using fake gold bars as collateral. Schedules date of 2020 annual meeting of stockholdersmore tue nov 12 2019 kingold jewelry reports financial results for the third quarter and nine months ended september 30 2019 more. Kingold jewelry is a chinese jewelry company with its headquarters in the huangpu science technology park in jiangan district wuhan hubei it also has an office in new york city.
Kingold fraudulently secured loans in a scheme utilizing fake gold. Kingold jewelry allegedly passed off gilded copper bars as collateral for us 2 8 billion of loans. Kingold has distinguished itself as a major brand both in terms of its world class designs and superior quality.
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