Kingold Jewelry Soars After Postponing Proposed Public Offering

Kingold Jewelry

is trading higher on the session after the announcement that the company will postpone its proposed public offering. Kingold announced filing for public offering yesterday morning. Kingold Jewelry is engaged in the business of designing, manufacturing and sale of gold jewelry in the People's Republic of China through a variable interest entity relationship with Wuhan Kingold Jewelry Company Limited. The shares of Kingold Jewelry are currently trading at $1.78, a gain of $0.44 or 32.84%.