Sanergy Group Ltd. (HK:2459) has released an update.
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Sanergy Group Ltd. has announced a strategic financial maneuver involving the sale of 50 million existing shares and a top-up subscription of new shares at a price of HK$0.325 per share to strengthen its capital base and diversify its shareholder portfolio. This move, which aims to raise a net amount of approximately HK$16 million, will fund the development of the company’s graphite electrodes business and support general corporate purposes. However, the completion of this transaction is contingent upon certain conditions, and the company cautions shareholders and potential investors to exercise prudence.
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