China Silver Group Completes HK$430.16 Million Share Placement, Expands Share Capital to 3.95 Billion Shares

Bulletin Express
Jun 22

China Silver Group Limited has closed the outstanding tranche of its specific-mandate share placement, issuing 845.00 million new shares at HK$0.51 each on 22 June 2026. Net proceeds amount to approximately HK$430.16 million after related expenses.

The newly issued shares represented 27.25% of the pre-placement share base (3.10 billion shares) and 21.41% of the enlarged share capital. Following completion, total issued shares increased to 3.95 billion.

Revised ownership structure: • Rich Union Enterprises Limited remains the largest shareholder, holding 308.22 million shares, though its stake diluted from 9.94% to 7.81%. • Five new investors—designated Subscribers A to F—collectively hold 910.00 million shares, equal to 23.05% of the enlarged register. • Public float now comprises 2.73 billion shares, or 69.09% of outstanding equity, down from 87.92% before the transaction.

The subscription process, first announced on 16 February 2026, is now fully completed. Chairman Chen Wantian continues to oversee the board, which includes one additional executive director and three independent non-executive directors.

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