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China Silver Group Announces Placement of 50,000,000 New Shares to FIL Investment Management (Hong Kong)


[For Immediate Release]

 

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China Silver Group Announces Placement of

50,000,000 New Shares to FIL Investment Management (Hong Kong)

 

HONG KONG, 15 January 2016 - 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 50,000,000 new shares, representing approximately 3.79% of the Group’s existing issued share capital, to FIL Investment Management (Hong Kong) Limited (“FIL”) at a price of HK$1.70 per share.

 

The net proceeds from the placing will amount to approximately HK$84 million. The net proceeds will strengthen the Group’s financial position and be used for general working capital and other potential investments.

 

Mr. Richard Sung, Chief Executive Officer of China Silver Group said “We are pleased to have FIL to become our new investor. The move signifies that global professional investors recognized the Group’s ongoing efforts to diversify its businesses to become a leading vertically integrated silver enterprise.

 

About FIL Investment Management (Hong Kong) Limited

FIL Investment Management (Hong Kong) Limited, a subsidiary of Fidelity International, currently offers around 80 fund choices to investors directly and through over 100 distributors in Hong Kong.

Fidelity International is one of the largest asset management companies in the world, with nearly US$2,000 billion of assets under management and US$5,000 billion of total customer assets (https://www.fidelity.com/about-fidelity/fidelity-by-numbers/corporate-statistics). Fidelity International serves more than 24 million individual customers, 20,000 businesses and 10,000 advisory firms around the world. Fidelity International has been awarded with numerous renowned industry accolades both locally and regionally and recognised as the Best Overall Fund Management Firm”.

 

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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 one of the 17 Chinese members of the London Bullion Market Association (LBMA) and has been ranked as one of the 20 most popular silver brands in China for ten consecutive years. The Group has recently diversified into the downstream silver retailing business and launched an integrated online platform “金貓銀貓www.CSmall.com”, 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:

Hill+Knowlton Strategies

Ka Wai Li

Tel: (852)   2894 6252

Email: kawai.li@hkstrategies.com

 

Agnes Suen

Tel: (852)   2894 6258

Email: agnes.suen@hkstrategies.com  

 


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