Shandong Gold Mining is scheduled to inject a total of RMB 1.2 billion into five subsidiaries to increase their registered capital, sources reported.

One of the five subsidiaries, Shandong Gold Mining (Laizhou)'s registered capital will swell from RMB 90 million to RMB 760 million.

The registered capital of Shandong Gold Mining (Yinan) will increase from RMB 40 million to RMB 120 million, of Shandong Gold Mining (Xinhui) will swell from RMB 70 million to RMB 180 million and of Shandong Gold Mining (Linglong) will grow from RMB 50 million to RMB 300 million.

Qingdao Laixin Mining, which will have a registered capital of RMB 150 million from RMB 89 million, will use the fund injection to pay for its previous acquisition by installment.

During the period from January to June, Shandong Gold Mining's net profit totaled RMB 572 million, 17.84% more than it earned in the corresponding period of 2009, and its earnings per share were RMB 0.40.