Brief: CSMall Group To Issue 100 Mln New Shares To Yao Runxiong For HK$150 Mln In Cash

Mount Everest Gold

06/05/2019 16:26

May 6 (Reuters) - CSMall Group Ltd  1815.HK :
    * CSMALL AGREED TO ALLOT AND ISSUE 100 MILLION NEW SHARES TO
YAO
RUNXIONG AT SUBSCRIPTION PRICE OF HK$1.50 PER SHARE FOR HK$150
MILLION IN CASH
    * CSMALL TO ALLOT AND ISSUE EMPLOYEE SHARES, BEING 84.3
MILLION
NEW SHARES, TO ASCEND DELIGHT FOR HK$71.6 MILLION
    * AT COMPLETION OF ISSUANCES, SHAREHOLDING OF CHINA SILVER
IN
CSMALL WILL BE DILUTED FROM ABOUT 47.46% TO ABOUT 40.39%

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS8p6MSs
Further company coverage:  1815.HK 

 ((Reuters.Briefs@thomsonreuters.com;))