CliffordML (3686) major transaction: disposed of silver bullion

CliffordML (3686) major transaction: disposed of silver bullion

Clifford Modern Living Completes Major Silver Bullion Disposal
Clifford Modern Living Holdings Limited (3686.HK) announced on February 23, 2026, the completion of a significant transaction involving the disposal of silver bullion, valued at RMB226 million. This move is part of the company's broader strategy to allocate capital to precious metals amid macroeconomic uncertainties.

The transaction, classified as a "major transaction" under Hong Kong Listing Rules, follows the company's recent investments in allocated and unallocated gold and silver bullion. On the same date, Clifford Modern Living also executed an order for 800 ounces of allocated gold bullion, valued at HK$32.4 million (RMB28.8 million), with settlement expected by February 25. Combined with prior investments, the total consideration for precious metals exceeds 25% but remains below 100% of the relevant percentage thresholds under the Listing Rules.

The disposal and investment were approved by controlling shareholders holding approximately 72.89% of issued shares, eliminating the need for a shareholder meeting. The company emphasized that the funds used for these transactions were sourced from internal reserves, including proceeds from previous silver disposals, and do not impact operational liquidity or capital expenditure plans.

Strategically, the company cited economic slowdown in the People's Republic of China, inflationary pressures, and geopolitical tensions as key drivers for reallocating assets to precious metals. Clifford Modern Living prefers allocated bullion—physical bullion held separately from the bank's assets—over unallocated bullion to mitigate counterparty risk.

The investments were executed through a licensed international bank, with pricing aligned to recent market rates. A detailed shareholder circular will be distributed by March 9, 2026, to provide further transparency.

Analysts note that the shift to precious metals may signal a defensive posture, potentially affecting the company's risk profile and long-term returns. While the move aligns with traditional safe-haven strategies, its impact on shareholder value will depend on future market conditions and the performance of gold and silver prices.

(Source: minichart.com.sg, February 23, 2026)

This article is for informational purposes only and does not constitute financial advice.