China Silver Technology Holdings Limited (515) Announces Lapse of Share Subscriptions and Continued Suspension of Trading

Bulletin Express10-24

China Silver Technology Holdings Limited (515) announced that the previously proposed share subscriptions under a specific mandate have lapsed. The company notes that the subscribers are not willing to extend the Long Stop Date, causing these subscriptions to lapse on 31 October 2025. All related rights and obligations between the company and the subscribers are discontinued as of that date.

According to the board of directors, the lapse is not expected to have any material adverse impact on existing operations. The company will continue to pursue potential fundraising opportunities but has yet to reach any binding agreement. Trading in the company's shares has been suspended since 2 October 2025 and remains suspended until further notice.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment