China Silver Group Announces Placement of New Shares to Institutional Investors
[For Immediate Release]
China Silver Group Announces Placement of
New Shares to Institutional Investors
HONG KONG, 15 February 2017 - Leading Chinese silver brand China Silver Group Limited (“China Silver Group” or “the Group”; Stock Code: 815.HK) is pleased to announce the Group’s placement of 13,800,000 new shares, representing approximately 0.94% of the Group’s existing issued share capital, to several institutional investors at a price of HK$1.51 per share. The net proceeds from the placing will be used for general working capital.
Mr. Chen Wantian, Chairman of China Silver Group said “We are pleased to have several reputable institutional investors to join as our new investors. The move signifies that our business strategy and development have received high recognition from the capital market. The placing will further expand our shareholding base, thereby helping us to work towards our long-term goal of becoming the leading fully-integrated silver and precious metals enterprise in China.”
China Silver Group Limited
Founded in 2002, China Silver Group is a leading silver producer in China and one of the few Chinese companies capable of producing silver ingots with a purity grade of 99.999%, currently the world's highest standard. The Group is a member of the London Bullion Market Association (LBMA) and has been ranked as one of the 20 most popular silver brands in China for eleven consecutive years. In recent years, the Group has diversified into the downstream businesses and launched an integrated retail platform “金貓銀貓www.csmall.com”. Furthermore, the Group has fully acquired Shanghai White Platinum and Silver Exchange to develop the silver exchange business, aiming to become the leading vertically-integrated silver enterprise in China.
To learn more about the Group, please visit China Silver Group’s website at: www.chinasilver.hk
For further enquiries, please contact:
Ka Wai Li
Tel: (852) 2894 6252
Tel: (852) 2894 6258
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