China Anchu Energy Storage Group Ltd (HK:2399) has released an update.
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China Anchu Energy Storage Group Ltd has announced a subscription agreement to issue 42 million new shares at HK$0.50 each, a significant premium over the recent closing prices, aiming to raise HK$21 million in gross proceeds. The funds are intended for general working capital. However, the completion of this deal is conditional and investors are advised to exercise caution.
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