Core Insights - Shanghai Construction Group's stock surged, reaching a limit increase of 9.96% to 2.65 yuan on September 12, driven by positive news from its subsidiary, Zara Mining [2] Company Summary - Zara Mining, in which Shanghai Construction Group holds a 60% stake, reported a significant increase in gold resources at the Koka gold mine, with an additional 338,900 ounces compared to previously assessed reserves [2] - The newly reported gold resources are valued at approximately $603 million, equivalent to about 4.272 billion yuan [2] Market Reaction - The stock price increase was influenced by a compelling narrative surrounding a loyal shareholder, referred to as "Shanghai Uncle," who has consistently held onto his shares and invested additional funds over the years [2] - This story resonated with many investors, leading to a social media movement aimed at supporting the stock price, culminating in a strong market performance on the day of the announcement [2]
上海建工涨停,金矿消息成“秘密武器”,上海爷叔终于“逆袭”