[ET Net News Agency, 15 December 2021] GCL-Poly Energy Holdings Limited (03800) said
the company entered into the placing agreement with the sole placing agent pursuant to
which the placing agent has agreed to procure, on a best efforts basis, as agent of the
company, placees to subscribe a maximum of 2,036,588,000 shares at the placing price of
HK$2.49 per share.
The aggregate gross proceeds are expected to be approximately HK$5,071 million and the
aggregate net proceeds are expected to be approximately HK$4,994 million. The company
intends to use the net proceeds for capital expenditure and general working capital
purposes. (RC)