GCL Technology Raises HK$1.53 Billion Through Successful Share Placement

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

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