GCL-Poly Energy Plans Share Issuance and Bond Exploration

GCL-Poly Energy Holdings (HK:3800) has released an update.

GCL-Poly Energy Holdings is set to issue up to 1.56 billion new shares, aiming to raise approximately HK$1,530 million, as part of a strategic funding effort under its Issuance Mandate. Additionally, the company is exploring a potential issuance of convertible bonds, expected to be worth up to US$500 million, although this plan is still under negotiation. Investors are advised to stay cautious as these financial moves are subject to certain conditions and may not proceed.

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