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China Silver Group Ltd. ( (HK:0815) ) has issued an update.
China Silver Group Ltd. and Mount Everest Gold Group Company Limited have announced a joint acquisition of a 55% equity interest in Jiangxi Yiding Trading Co., Ltd., which holds complete ownership of Xizang Shigatse Huaye Mining Development Co., Ltd. This acquisition is part of their strategy to expand their exploration capabilities in lead and zinc mining. Xizang Shigatse, established in 2005, holds an exploration license for a significant area in Shigatse, Tibet, and employs an asset-light model by outsourcing exploration work to qualified geological experts. The acquisition is expected to bolster the companies’ exploration business and strengthen their foothold in the mining sector.
More about China Silver Group Ltd.
China Silver Group Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources, particularly lead and zinc mines. The company is involved in strategic acquisitions to enhance its market position.
Average Trading Volume: 63,663,445
Technical Sentiment Signal: Buy
Current Market Cap: HK$995.4M
For a thorough assessment of 0815 stock, go to TipRanks’ Stock Analysis page.