China Silver Technology Calls Off Shareholder Meeting Over Share Issue

MT Newswires Live10-27

China Silver Technology (HKG:0515) said it would no longer call a shareholder meeting after the subscribers of its previously announced share issue indicated they would not extend the long stop date of the offering, according to a Hong Kong bourse filing Friday.

The offering will lapse on Oct. 31, the printed circuit boards manufacturer said.

The company in March said it was seeking HK$22.6 million via the sale of 226 million shares at HK$0.10 apiece.

The lapse of the subscription will have no material adverse impact on the company's business or operations, China Silver said.

Shares of the company have been suspended from trading since Sept. 30.

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