Sanergy Group Concludes Share Sale and Issue

Sanergy Group Ltd. (HK:2459) has released an update.

Sanergy Group Limited has successfully completed the sale and issuance of shares, known as the Vendor Placing and Subscription, raising approximately HK$30.7 million. The transaction involved selling 80 million shares at HK$0.39 each to independent third parties, followed by the issuance of an equal number of new shares to the original vendor. The funds raised are earmarked for developing the company’s graphite electrodes business and for general corporate purposes.

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