HK Stock Market Move | CHI Kingstone (01380) rises more than 10% at the close with cumulative gains of over five times in the past three months. The company is progressing its potential gold mine acquisition plan in Chile.

CHI KINGSTONE (01380) surged more than 10% in the final hour of trading, with a cumulative increase of over 530% since the beginning of November. As of the time of writing, it rose 7.95% to 0.95 Hong Kong dollars, with a turnover of 1179.58 million Hong Kong dollars. In terms of news, CHI KINGSTONE announced in August 25th that Mr. Chen Tianxing has been appointed as an executive director and CEO. The company also announced in October 25th that they conditionally awarded Mr. Chen Tianxing, the executive director and CEO, with 23.3 million shares as incentive, which will be vested within 12 months from the grant date or upon Chen's assistance in the successful acquisition of the Chilean gold mine project, subject to key performance targets and other conditions.