Mount Everest Gold Raises HK$127 Million Through Partial Completion of Share Subscriptions

The latest update is out from CSMall Group Limited ( (HK:1815) ).

Mount Everest Gold Group has completed certain tranches of its previously announced share subscriptions under its general mandate, issuing 79 million new shares to various subscribers at HK$1.61 per share. The transaction, which represents about 5.90% of the enlarged share capital and raises net proceeds of roughly HK$127.04 million, strengthens the company’s capital base, with management indicating that the funds will be used as previously disclosed and that completion of the remaining 146.8 million subscribed shares is expected in due course.

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

Mount Everest Gold Group Company Limited is a Hong Kong-listed company incorporated in the Cayman Islands and engaged in the gold-related sector, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 1815.

Average Trading Volume: 10,816,394

Technical Sentiment Signal: Hold

Current Market Cap: HK$2.43B

See more data about 1815 stock on TipRanks’ Stock Analysis page.