Silver Grant invests HK$230 mln to increase 29.4% shares in Donghuan

Silver Grant International Industries (0171) announced that it would invest US$29.52 mln (around HK$230 mln) to increase 29.4% shares in a Beijing-based property company Donghuan Property, thus lifting its shareholding from 58.5% to 87.9%. Donghuan plans to get listed at mainland stock exchanges in several years and develop the out-of-Beijing old town renovation. Silver Grant International Industries claimed that the increase in shareholding is to maintain controlling rights.

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