CCIAM Future Energy Ltd. (HK:0145) has released an update.
CCIAM Future Energy Ltd. has announced its plans to further develop their EV charging business in Hong Kong, leveraging existing cash balances and anticipated business operation funds, with a goal to install 200 EV chargers for 20,000 vehicles daily. Despite recent losses and a declining stock price, the company is optimistic that the planned share placement, expected to yield net proceeds of approximately HK$4.9 million, will strengthen its financial position and support the expansion of its energy-saving solutions and EV charging infrastructure.
For further insights into HK:0145 stock, check out TipRanks’ Stock Analysis page.