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Jiangsu Guofu Completes HK$200 Million H Share Placement

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Jiangsu Guofu Completes HK$200 Million H Share Placement

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An announcement from Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. Class H ( (HK:2582) ) is now available.

Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. has successfully completed the placing of new H Shares, raising approximately HK$200 million in gross proceeds. The net proceeds of around HK$196.98 million will be allocated to finance investments in hydrogen projects in China and abroad, as well as for working capital and general corporate purposes, enhancing the company’s operational capacity and growth potential.

The most recent analyst rating on (HK:2582) stock is a Hold with a HK$43.00 price target. To see the full list of analyst forecasts on Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. Class H stock, see the HK:2582 Stock Forecast page.

More about Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. Class H

Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. is a company based in the People’s Republic of China, operating in the hydrogen energy sector. The company focuses on the development and provision of hydrogen energy equipment and related services, aiming to support the growth and integration of hydrogen projects both domestically and internationally.

Average Trading Volume: 2,308,436

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$5.02B

Find detailed analytics on 2582 stock on TipRanks’ Stock Analysis page.

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