China Silver (HKG:0815) has completed part of a share subscription under its general mandate, raising net proceeds of about HK$12.1 million, according to a Dec. 19 Hong Kong bourse filing.
Shares of the non-ferrous metals manufacturer were up more than 4% in Monday morning trade.
The company issued 27 million new shares at HK$0.45 each, representing about 0.91% of its issued share capital before and after the allotment.
Completion of the remaining subscription of 55 million shares under the same agreement is expected to take place in accordance with its terms, the filing said.
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