China Silver Group Ltd. (HK:0815) has released an update.
China Silver Group Ltd. has announced the purchase of a 51% equity interest in a Target Company for RMB2,550,000, making the acquired company a non-wholly-owned subsidiary. This transaction will lead to the consolidation of the Target Group’s financial results into China Silver’s accounts. The deal is classified as a connected transaction due to familial and professional associations within the company’s board and is subject to specific listing rules but does not require shareholder approval.
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