Changes in Hong Kong stocks | Goldworld Holdings (03918) rose more than 4%, terminated the subscription agreement and confiscated US$316 million to be included in reserves

The Zhitong Finance App learned that Jinjie Holdings (03918) rose more than 4%. As of press release, it had risen 4.2% to HK$5.21, with a turnover of HK$9.5,166 million.

According to the news, Jinjie Holdings announced that it has signed a mutual termination agreement with the subscriber regarding the development and construction of a multi-purpose entertainment and comprehensive integrated resort facility (Naga 3) project in Phnom Penh, Cambodia. The total cash advances of US$316 million paid by the subscriber as part of the subscription payment have been confiscated by the group and included in reserves, and no shares have been issued to settle the cash advance. Therefore, the termination of the subscription agreement will not have any significant adverse effect on the Group's current business or financial position. The group said it plans to continue the Naga3 project even though it has signed a mutual termination agreement, will evaluate the remaining development plans of Naga3, and explore other funding channels if necessary.