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CHOW TAI FOOK Reportedly Hikes Prices of Gold Products Again w/ Prices for Some Products Raising by 30%+
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CHOW TAI FOOK (01929.HK) issued a notice on its official Tmall flagship store saying that, due to market factors, prices for certain products will soon increase, according to Chinese media. Considering the price hikes in March and October, this will be the third time CHOW TAI FOOK has raised prices for fixed-price gold products this year. The actual price hike for some hot-selling fixed-price gold products exceeds 30%, such as the Five Emperor Coin Bracelet weighing around 27 grams, with the price rising from RMB38,600 to RMB50,800, marking a 31.6% increase, the report added. AASTOCKS Financial News Website: www.aastocks.com |
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