China Silver Group to Raise HK$463 Million via Discounted Share Subscription for Shigatse Mine

China Silver Group Ltd. ( (HK:0815) ) has shared an announcement.

China Silver Group Limited has agreed to issue 910 million new shares to six subscribers at HK$0.51 each, representing a discount of about 18% to the latest closing price and nearly 19% to the recent five-day average. The new shares, to be issued under a specific mandate pending shareholder approval, will expand the company’s share base by roughly 23% on an enlarged basis.

The placement will raise gross proceeds of about HK$464.1 million, with an estimated HK$463.25 million in net proceeds after expenses. Around 80% of the funds will finance China Silver’s capital expenditure and future funding obligations related to exploration and development at the Shigatse Mine, while the remaining 20% will bolster the group’s general working capital, underscoring a strategic push into upstream mining activities.

The most recent analyst rating on (HK:0815) stock is a Hold with a HK$0.63 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 engaged in the precious metals sector, with activities that include investment in and development of mining projects. The group holds a 20% stake in the Shigatse Mine project company, Xizang Shigatse, and is increasing its financial commitment to exploration and related works at this mining asset.

Average Trading Volume: 68,202,177

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.88B

For detailed information about 0815 stock, go to TipRanks’ Stock Analysis page.