China Silver Group Limited (abbreviated as CHI SILVER GP) obtained overwhelming shareholder approval at its 10 April 2026 extraordinary general meeting to move forward with a sizeable equity placement.
Key resolutions and voting outcome • The single ordinary resolution—covering (i) ratification of subscription agreements, (ii) a specific mandate to issue shares, and (iii) related authorisations—was passed by 99.62% of votes cast (313.63 million “for” versus 1.20 million “against”).
Subscription details • Up to 910.00 million new ordinary shares will be issued at HK$0.51 each, implying gross proceeds of approximately HK$464.10 million. • The new-issue mandate is additional to any existing authorisations previously granted to the board.
Share-capital context • Total shares outstanding at the EGM date: 3.04 billion. • Shares held by Newline Dragon Limited under the company’s share award scheme (234.21 million, or 7.71% of total) abstained from voting, leaving 2.80 billion shares eligible. • Participating votes represented roughly 11.24% of the eligible share base.
Corporate governance notes • Computershare Hong Kong Investor Services Limited acted as scrutineer. • All directors except Ms. Song Fangxiu attended the meeting either in person or via remote facilities.
The decisive vote paves the way for CHI SILVER GP to proceed with the 910 million-share placement under the newly granted specific mandate.
Comments