China Silver Group (HKG:0815) will allot and issue shares to two subscribers at HK$0.252 apiece to offset the amount against two loans granted to unit, Jiangxi Longtianyong Nonferrous Metals, a Monday Hong Kong bourse filing said.

Of this, 129,516,934 new shares, representing 5.53% of its enlarged issue share capital, will be issued to Journey Grace to offset a 30.2 million yuan loan granted by Shanghai Ougen Information Consulting.

Shanghai Ougen Information Consulting and Journey Grace are both wholly-owned by Wu Wen Yong.

The silver product maker will also allot and issue 258,527,919 new shares to Medal Chains Internet Technology Group to offset around a 60.3 million yuan amount under a loan granted to the unit by Shanghai Qimao Trading.

The shares granted to Medal Chains Internet Technology Group, which is the parent company of Shanghai Qimao Trading, represent 11.04% of the firm's enlarged issued share capital.