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An announcement from China Silver Group Ltd. ( (HK:0815) ) is now available.
China Silver Group Ltd. and Mount Everest Gold Group Company Limited have announced a joint acquisition of a 55% equity interest in a target company. This transaction involves China Silver’s subsidiary acquiring a 20% stake and Mount Everest Gold’s subsidiary acquiring a 35% stake, making the target company an indirect non-wholly-owned subsidiary of China Silver. The acquisition is considered a connected transaction under Hong Kong’s Listing Rules due to the relationships between the involved parties, and it will be subject to reporting and announcement requirements.
More about China Silver Group Ltd.
China Silver Group Ltd. is a company incorporated in the Cayman Islands, primarily involved in silver production and related activities. It operates in the precious metals industry and has a market focus on silver and potentially other metals through its subsidiaries.
Average Trading Volume: 60,393,695
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.19B
For an in-depth examination of 0815 stock, go to TipRanks’ Overview page.