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China Silver Group Ltd. ( (HK:0815) ) has provided an announcement.
Mount Everest Gold Group Company Limited has entered into agreements to issue 247,500,000 new shares at HK$1.61 each, raising approximately HK$398,475,000 in gross proceeds. This move, conditional on China Silver Group’s shareholder approval, represents a substantial disposal and is intended to support Mount Everest Gold’s business growth and development. The transaction will result in China Silver Group’s stake in Mount Everest Gold being diluted, but the financial results of Mount Everest Gold will continue to be consolidated in China Silver Group’s financial statements.
The most recent analyst rating on (HK:0815) stock is a Hold with a HK$1.00 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 Ltd. is a company incorporated in the Cayman Islands, primarily involved in the precious metals industry. The company holds a significant stake in Mount Everest Gold Group Company Limited, which is also involved in the precious metals sector.
Average Trading Volume: 78,693,766
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.79B
For a thorough assessment of 0815 stock, go to TipRanks’ Stock Analysis page.