Cuihua Gold and Jewelry Denies Rumors of Government-Brokered Debt-Equity Swap and Investment from Major Gold and Mining Firms

Deep News21:01

The company Shenyang Cuihua Gold And Silver Jewelry Co.,Ltd. (stock code: 002731) issued an announcement on July 17th clarifying recent market rumors.

It stated that it has noted community speculation regarding a "government-brokered debt-to-equity swap that is nearly finalized" and that "major gold player ZHOU LIU FU (stock code: 06168) and mining tycoons are poised to inject capital."

Following verification, the company's board of directors has determined that these rumors are unfounded.

The company confirmed it currently has no merger, acquisition, restructuring, or debt-to-equity swap plans in the works.

Furthermore, it stated there are no such plans for mergers, acquisitions, restructuring, or debt-to-equity swaps within the next three months.

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