Kingold Jewelry to price public sale of stock with a 45-day greenshoe

Proceeds will go toward working capital, general corporate purposes

By Devika Patel

Knoxville, Tenn., June 28 - Kingold Jewelry, Inc. will price a public offering of stock, according to a preliminary prospectus supplement filed Thursday with the Securities and Exchange Commission.

Aegis Capital Corp. is the underwriter and has a 45-day greenshoe.

Proceeds will be used for working capital and other general corporate purposes, and possibly acquisitions of other companies, products or technologies.

Based in Wuhan, China, Kingold designs, manufactures and sells gold jewelry.

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