Golden Resources Development International Limited
Golden Resources Development International Limited (HKSE: 677) is trading at HK$0.37, about ₹4 at today's HKD/INR rate, as of 25 Sep 2026, 3:55 AM ET, down 5.19% today. Indian residents can buy Golden Resources Development International from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$0.36
Today's high
HK$0.37
52 week low
HK$0.34
52 week high
HK$0.42
677 opened at HK$0.37, closed previously at HK$0.39, and has traded between HK$0.34 and HK$0.42 over the past 52 weeks.
About
Golden Resources Development International Limited functions as an investment holding company, overseeing a varied business portfolio. Its primary focus lies within the rice industry, where it manages the entire supply chain from global procurement and importation to wholesale, processing, packaging, marketing, and distribution throughout Hong Kong, Vietnam, and other international territories. The company's operations are strategically organized into distinct segments: its Rice Business, Convenience Store Network, Securities Portfolio, and Real Estate Ventures. Beyond its core rice activities, it also operates convenience stores, invests in both equity and debt instruments, and engages in the acquisition, management, and development of properties. Furthermore, Golden Resources Development provides a range of ancillary services including information technology, warehousing, logistics, and money lending, alongside its rice re-exporting operations and management of various trademarks. The company boasts an extensive selection of approximately 30 processed rice brands, featuring well-known names such as Golden Elephant, Kangaroo, Kam Heung Premium, Golden Boat, Cherry Blossom Castle, Amstar, Krampton, Kwai Fa, Tiwo, Jewellery, White Swan, Golden Harbour, and Green Field. Established in 1946, its corporate headquarters are located on Tsing Yi Island, Hong Kong.
Key statistics
Avg. volume
414.26K
Market cap
HK$619.55M
P/E Ratio
22.81
Price-to-sales ratio
0.29
Enterprise value
HK$661.01M
Free cash flow yield
37.89%
Debt-to-equity ratio
0.34
Return on equity
2.09%
ROIC
0.76%
Beta
1.01
Dividend yield
6.30%
Last dividend
HK$0.02
Financial overview
Revenue
HK$2.10B
Earnings per share
HK$0.02
Free cash flow
HK$234.73M
Net profit margin
1.29%
Gross margin
38.64%
EBITDA
HK$277.59M
Revenue growth
1.22%
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This is not an investment recommendation
How to buy Golden Resources Development International from India
Indian residents can buy Golden Resources Development International shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for Golden Resources Development International and place an order
Find Golden Resources Development International by name or by its ticker, 677, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Golden Resources Development International trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Golden Resources Development International position in HKD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Golden Resources Development International from India
Trading and taxes when buying Golden Resources Development International from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Golden Resources Development International’s current yield is 6.30%.Dividend tax explained
- Estate or inheritance tax
- May applyHong Kong has no estate duty.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Golden Resources Development International stock?
Yes. Golden Resources Development International (677) has been listed on the Hong Kong Stock Exchange since 1991, in the Food Distribution industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Golden Resources Development International share cost in rupees?
One Golden Resources Development International share is HK$0.37 — about ₹4 at an HKD/INR rate of 12.25 on 24 Sep 2026. Both the Golden Resources Development International price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Golden Resources Development International from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of Golden Resources Development International?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Golden Resources Development International shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Golden Resources Development International price. Paasa issues a capital-gains statement for your return.
Does Golden Resources Development International pay a dividend, and how is it taxed in India?
Yes. Golden Resources Development International pays a dividend and the current yield is 6.30%; the last declared dividend was HK$0.02 per share, about ₹0.28. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Golden Resources Development International from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is there estate or inheritance tax on Golden Resources Development International shares held from India?
Hong Kong has no estate duty.
Do I have to declare Golden Resources Development International shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Golden Resources Development International holding, its cost and its closing value.
How do I sell Golden Resources Development International and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.