China Silver Group Raises HK$12.12 Million Through Partial Share Subscription

The latest update is out from China Silver Group Ltd. ( (HK:0815) ).

China Silver Group Limited has completed a partial subscription of new shares under its general mandate, issuing 27,000,000 shares at HK$0.45 each under Subscription Agreement E, raising net proceeds of approximately HK$12.12 million. The new shares represent about 0.91% of the company’s enlarged share capital and the funds will be used as previously disclosed, while completion of the remaining 55,000,000-share subscription under the same agreement is still pending and will be announced in due course, signaling continued capital-raising efforts that may support the company’s future operational and financial plans.

The most recent analyst rating on (HK:0815) stock is a Hold with a HK$0.68 price target. To see the full list of analyst forecasts on China Silver Group Ltd. stock, see the HK:0815 Stock Forecast page.

More about China Silver Group Ltd.

China Silver Group Limited is a Hong Kong-listed company (Stock Code: 815) incorporated in the Cayman Islands, engaged in the silver-related business and associated products, serving investors and industrial users in the precious metals market.

Average Trading Volume: 81,203,920

Technical Sentiment Signal: Buy

Current Market Cap: HK$2.16B

See more data about 0815 stock on TipRanks’ Stock Analysis page.