The latest announcement is out from GCL-Poly Energy Holdings ( (HK:3800) ).
GCL Technology Holdings Limited has successfully completed the placement of 1.56 billion new shares, raising approximately HK$1.53 billion. The funds will primarily be used to enhance the company’s solar business through capital expenditure and support general operational activities, reflecting its strategic focus on the expansion of solar-related ventures.
More about GCL-Poly Energy Holdings
GCL Technology Holdings Limited, incorporated in the Cayman Islands, operates within the renewable energy industry with a focus on solar-related businesses. The company is involved in the development and expansion of solar technology, positioning itself as a significant player in the clean energy sector.
YTD Price Performance: 3.85%
Average Trading Volume: 4,350
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $3.77B
See more data about 3800 stock on TipRanks’ Stock Analysis page.