After a three-month suspension from stock trading, Shandong Gold Mining Co., Ltd, a subsidiary of Shandong Gold Group released its restructuring plan, issuing 296 million additional shares to the six investors, in exchange for stake and mining rights worth 9.98 billion.

With additional gold reserves of 401 tons it acquired through the deal, the company’s gold reserves will increase to nearly 800 tons, which in result will double both the company’s gold reserves and its net assets.

Over the past three months, the international gold price dropped from US $1550 per ounce to US $1300 per ounce and Shanghai Composite Index slumped 11.06 percent, and the price of the gold share of Zhongjin Gold dropped 32.53 percent.

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