China Anchu Energy Concludes New Share Issue

China Anchu Energy Storage Group Ltd (HK:2399) has released an update.

China Anchu Energy Storage Group Ltd has successfully completed the issuance of 42 million new shares under its general mandate, with the shares priced at HK$0.50 each, resulting in gross proceeds of HK$21 million and net proceeds of approximately HK$20.9 million. The net proceeds are slated for use as outlined in the company’s previous announcements. This new share issue slightly adjusts the shareholding structure, with the Subscriber’s stake increasing to approximately 3.09% post-issuance.

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