Grand T G Gold Holdings Limited (“Grand T G”) is a Hong Kong-based Western mining company listed on the Growth Enterprise Market on the Stock Exchange of Hong Kong Limited (stock code: 8299) and strategically focuses on gold exploration, mining and mineral processing in the PRC.


The year under review was an important transformation year for the Company. After more than six years of trading suspension since 11 November 2010, with tremendous effort and under the help and assistance of Proton Capital Limited, the Company’s sole financial adviser in respect the resumption, the Company under the management of the existing Board turned around and successfully obtained the Listing Appeals Committee’s conditional approval for its resumption proposal (the “Resumption Proposal”) in December 2016. In March 2017, the Company fulfilled all of the resumption conditions and entered into settlement agreements to resolve all of the winding up petitions against the Company.

As part of the Resumption Proposal of the Company, the Company conducted an open offer (“Open Offer”) in April 2017, which received overwhelming support from the Company’s shareholders and the Open Offer was over-subscribed. With completion of the Open Offer, resumption in trading of the shares of the Company took place on 9 May 2017 which formally put an end to the more than six years of trading suspension period of the Company. In furtherance of the Resumption Proposal, the Company entered into subscription agreements with its creditors for the purpose of debt capitalisation in April and June 2017, respectively.

The Company is now focusing on developing and strengthening its existing business and will explore investment opportunities in order to broaden the income stream of the Group, enrich its reserves and resources, enhance the profitability of the Group and eventually bring a fruitful return to the shareholders of the Company and shareholders of the Company’s subsidiaries.

We would like to take this opportunity to express the Board’s sincere gratitude to all shareholders, investors, bankers, business associates and customers for their continuous support to the Group, and to all staff members for their hard work and contributions during the past year.