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Green Energy Group Limited ( (HK:0979) ) has shared an update.
Green Energy Group Limited announced a change in the allocation of proceeds from a recent share placing. Originally, the company intended to use approximately HK$5.55 million for business development, but due to changing economic conditions, the board has decided to reallocate the remaining HK$5.40 million to working capital. This decision reflects a strategic shift in response to the current market environment, ensuring the company’s financial stability and operational flexibility.
More about Green Energy Group Limited
Green Energy Group Limited is a company incorporated in Bermuda, operating in the green energy sector. The company focuses on providing sustainable energy solutions and is listed on the Hong Kong Stock Exchange under the stock code 979.
Average Trading Volume: 39,922
Technical Sentiment Signal: Sell
Current Market Cap: HK$269.9M
Learn more about 0979 stock on TipRanks’ Stock Analysis page.