Kingold Jewelry Inc. (KGJI) News



Kingold Jewelry Inc. (KGJI)

Today's Latest Price: $0.12 USD

0.01 (-9.85%)

Updated Jan 27 8:28pm

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Ranked of 71 in Fashion & Luxury

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Latest KGJI News From Around the Web

Below are the latest news stories about Kingold Jewelry Inc that investors may wish to consider to help them evaluate KGJI as an investment opportunity.

China gives its 160 million individual investors the green light for class action lawsuits in historic reform after scandals involving Luckin Coffee, Kingold Jewelry

China will allow the nation’s army of small investors for the first time in history to file class action lawsuits in cases such as fraud and price manipulation, as policymakers stiffen penalties in the wake of scandals involving local businesses on stock exchanges at home and abroad.The landmark decision by the country’s Supreme Court paves the way for the world’s largest group of individual investors to seek compensation for investment losses by suing a defendant or defendants en masse. Class…

South China Morning Post | August 3, 2020

Nasdaq-listed Kingold Jewelry says it’s under investigations in China for using fake gold to secure US$2.9 billion of loans

Kingold Jewelry, the Nasdaq-listed company that used fake gold bars to obtain loans in China, said it’s under investigations in its home country after the Chinese government declared zero tolerance for financial fraud to head off a US law for kicking fraudulent Chinese companies out of US markets.An investigation is under way in the Hubei provincial capital of Wuhan, where the producer of household ornaments and jewellery is based, Kingold said in a filing to the US Securities and Exchange…

South China Morning Post | July 15, 2020

Scandal-hit jeweller Kingold named and shamed, as China financial regulator calls for stricter risk management

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 irregularities and fraud over the weekend.In a statement issued on Saturday, the watchdog also summarised the major challenges and risks the country’s financial sector had faced this year.“A number of banking, insurance and trust institutions were involved in the Wuhan Kingold Jewelry fake gold incident, which…

South China Morning Post | July 13, 2020

Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Kingold Jewelry, Inc. (KGJI)

LOS ANGELES--(BUSINESS WIRE)---- $KGJI #classaction--Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Kingold Jewelry, Inc. (KGJI)

Business Wire | July 10, 2020

US should not tar all China companies with the same brush after scandal

The latest scandal involving a Nasdaq-listed Chinese company, this time using fake gold as collateral, will add fresh ammunition to American politicians already hostile to China Inc. Kingold Jewelry, the Wuhan-based jeweller, was found to have used 83 tonnes of “gold bars”, which later turned out to be gilded copper, to secure 20 billion yuan (US$2.8 billion) in loans from multiple mainland financial institutions. The expose came less than three months after Luckin Coffee, once billed as the…

South China Morning Post | July 7, 2020

Nasdaq-Listed Chinese Company Cheated Creditors by Using Fake Gold as Loan Collateral

Nasdaq-listed Chinese jeweler Kingold Jewelry Inc. (KGJI) has received 20 billion yuan ($2.8 billion) loans by claiming to …

The Epoch Times | July 3, 2020

Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Kingold Jewelry, Inc. (KGJI) Investors

LOS ANGELES--(BUSINESS WIRE)---- $KGJI #classaction--Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Kingold Jewelry, Inc. (KGJI) Investors

Business Wire | July 1, 2020

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Kingold Jewelry, Inc. Investors (KGJI)

LOS ANGELES--(BUSINESS WIRE)---- $KGJI #classaction--The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Kingold Jewelry, Inc. ("Kingold" or "the Company") (NASDAQ: KGJI) securities between March 15, 2018 and June 28, 2020, inclusive (the “Class Period”). Kingold investors have until August 31, 2020 to file a lead plaintiff motion. If you are a shareholder who suffered a loss, click here to participate. On June 29

Business Wire | July 1, 2020

The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Kingold Jewelry, Inc. Investors (KGJI)

LOS ANGELES--(BUSINESS WIRE)---- $KGJI #classaction--The Law Offices of Frank R. Cruz announces an investigation on behalf of Kingold Jewelry, Inc. ("Kingold" or "the Company") (NASDAQ: KGJI) investors concerning the Company and its officers’ possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On June 29, 2020, multiple news outlets reported that Kingold may have used counterfeit gold as collateral to secure loans from more than a dozen Chinese fina

Business Wire | June 30, 2020

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Kingold Jewelry, Inc. (KGJI) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)---- $KGJI #fraud--Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Kingold Jewelry, Inc. (KGJI) on Behalf of Investors

Business Wire | June 30, 2020



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