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CSMall Group Limited ( (HK:1815) ) has shared an announcement.
Mount Everest Gold has completed a partial tranche of its previously announced share subscription plan, issuing 21.7 million new shares at HK$1.61 each under two subscription agreements, raising net proceeds of approximately HK$34.87 million. The newly issued shares represent about 1.72% of the enlarged share capital, marking a step in a broader very substantial disposal and deemed disposal transaction involving China Silver Group, while the remaining subscriptions for 225.8 million shares are expected to complete in due course, providing further capital and potentially reshaping the shareholder structure of Mount Everest Gold.
The most recent analyst rating on (HK:1815) stock is a Hold with a HK$2.50 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
China Silver Group Limited and Mount Everest Gold Group Company Limited are Hong Kong-listed companies engaged in the precious metals sector, with Mount Everest Gold focusing on gold-related businesses and capital-raising activities through share subscriptions under a general mandate.
Average Trading Volume: 12,087,740
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.27B
For a thorough assessment of 1815 stock, go to TipRanks’ Stock Analysis page.