Listed in June 2003, Hong Kong Resources Holdings Company Limited (“HKRH”; 2882.hk) is principally engaged in the trading of precious metals electroplating chemicals in Hong Kong. The electroplating chemicals have been traded through a wholly-owned subsidiary, Trump Power Limited. HKRH has entered the gold and jewellery retailing business in the Greater China region through the successful acquisition of a Hong Kong-based jewellery retail chain; with more than 240 points-of-sale in Hong Kong, Macau and Mainland China; under the brand 3D-GOLD.
With the aim of becoming a vertically and horizontally integrated resource-development company, HKRH actively explores and seeks to capture investment opportunities, including upstream and downstream businesses, in precious metals as well as other metals and minerals.
Increasing global consumer demand and investment demand in gold, continuing growth in demand for gold jewellery and gold reserves by China and India, plus the continuing need to consolidate and upgrade China’s still fragmented gold mining industry, present substantial growth potential for the Group. With the management team’s strong connections with the gold and commodity mining industry, HKRH is poised to take advantage of excellent opportunities ahead.
Despite the recession in many countries, Mainland China has regained growth momentum, boosting people’s income and consumption of, among other things luxury products, which in turn drive the jewellery retail business. China continues to provide large market potential for HKRH.