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An announcement from CSMall Group Limited ( (HK:1815) ) is now available.
Mount Everest Gold Group Company Limited has entered into agreements to issue 247.5 million new shares to six subscribers at a price of HK$1.61 per share. This move, which does not require further shareholder approval from Mount Everest Gold but does require approval from China Silver shareholders, aims to raise approximately HK$398.5 million in gross proceeds. The funds are intended to support business growth and development. China Silver Group Limited, which holds a significant stake in Mount Everest Gold, will see its shareholding diluted but maintains a substantial influence over the company.
The most recent analyst rating on (HK:1815) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on CSMall Group Limited stock, see the HK:1815 Stock Forecast page.
More about CSMall Group Limited
CSMall Group Limited operates within the precious metals industry, focusing on the production and distribution of silver and gold products. The company is involved in the market for precious metal commodities, catering to both retail and wholesale sectors.
Average Trading Volume: 9,874,376
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.41B
See more data about 1815 stock on TipRanks’ Stock Analysis page.