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The latest update is out from GCL-Poly Energy Holdings ( (HK:3800) ).
GCL Technology Holdings Limited announced the completion of its Tranche 2B Subscription, issuing 1,353,043,000 new shares to Infini Global Master Fund at a price of HK$1.15 per share. This move is part of the company’s strategy to strengthen its financial position and enhance its market competitiveness by leveraging new capital.
The most recent analyst rating on (HK:3800) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on GCL-Poly Energy Holdings stock, see the HK:3800 Stock Forecast page.
More about GCL-Poly Energy Holdings
GCL Technology Holdings Limited, incorporated in the Cayman Islands, operates in the energy sector. The company is primarily involved in the production and distribution of energy-related products and services, with a focus on expanding its market presence through strategic share issuances.
Average Trading Volume: 675,248,022
Technical Sentiment Signal: Hold
Current Market Cap: HK$40.47B
For a thorough assessment of 3800 stock, go to TipRanks’ Stock Analysis page.