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CSMall Group Limited ( (HK:1815) ) has issued an announcement.
China Silver Group Limited and Mount Everest Gold Group Company Limited have announced a joint acquisition of a 55% equity interest in a target company, with China Silver acquiring 20% and Mount Everest Gold acquiring 35%. This acquisition will result in the target company becoming an indirect non-wholly-owned subsidiary of China Silver, consolidating its financial results into China Silver’s accounts, while Mount Everest Gold will account for it as an associate. The transaction is considered a connected transaction due to relationships between the involved parties and is subject to reporting and announcement requirements under the Hong Kong Listing Rules.
More about CSMall Group Limited
CSMall Group Limited operates in the precious metals industry, focusing on the acquisition and management of silver and gold assets. The company is involved in strategic transactions to enhance its market position and expand its portfolio.
Average Trading Volume: 14,772,612
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.57B
Learn more about 1815 stock on TipRanks’ Stock Analysis page.