Lao Pu Gold’s stock surged nearly 18% yesterday to a record HK$1,035 ($132), closing at HK$1,008 ($128), following the opening of its first overseas flagship store at Marina Bay Sands in Singapore. The company’s total market capitalization rose to over HK$170 billion ($21.7 billion) on the same day. This also marked the first trading session after a major lock-up period ended. The Singapore store, directly operated and modeled after its mainland locations, targets affluent Chinese and international shoppers. With domestic expansion nearing saturation, Lao Pu Gold is betting on overseas growth.