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GCL New Energy (00451.HK) Places Shares at HKD1.05 Each, Net Proceeds HKD131 million
GCL New Energy (00451.HK) announced a placing of up to 127 million new shares, representing 7.55% of the enlarged share capital. The placing price is HKD1.05 per share, equivalent ...
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GCL New Energy (00451.HK) Places Shares at HKD1.05 Each, Net Proceeds HKD131 million
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GCL New Energy (00451.HK)  -0.010 (-1.149%)   announced a placing of up to 127 million new shares, representing 7.55% of the enlarged share capital. The placing price is HKD1.05 per share, equivalent to today's (20th) closing price. Net proceeds amount to HKD131 million, of which HKD75 million is intended for comprehensive business development, including expansion of photovoltaic operation and management businesses and digital upgrades, as well as expansion of energy and related products trading businesses; approximately HKD15 million will be used to repay existing bank and other borrowings; and the remaining balance will be used for administrative expenses. (de/d)(HK stocks quote is delayed for at least 15 mins.)

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