China Anchu Energy Storage Group Ltd (HK:2399) has released an update.
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China Anchu Energy Storage Group Ltd is issuing 59,574,000 new shares under a general mandate, priced at HK$0.50 per share, with investors Mr. Chen Chuzhan and Mr. Chen Hao Jun subscribing. The move is expected to raise approximately HK$29.7 million, which will be used for general working capital. The subscription price represents a significant premium over the current market price.
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