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Jiangsu Guofu Hydrogen Energy Announces H Share Placement to Raise HK$200 Million

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Jiangsu Guofu Hydrogen Energy Announces H Share Placement to Raise HK$200 Million

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

Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. has announced a new placement of H shares under a general mandate, appointing Great Bay Securities Limited as the placing agent. The company plans to issue up to 4,858,350 placing shares at a price of HK$41.166 per share, aiming to raise approximately HK$200 million in gross proceeds. This strategic move is expected to enhance the company’s capital base, potentially strengthening its market position within the hydrogen energy industry and providing additional resources for future growth and development.

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 joint stock company incorporated in the People’s Republic of China, focusing on the hydrogen energy sector. The company is involved in the production and distribution of hydrogen energy equipment, catering to the growing demand for sustainable energy solutions.

Average Trading Volume: 2,012,908

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$5.17B

For detailed information about 2582 stock, go to TipRanks’ Stock Analysis page.

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