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GCL-Poly Energy Holdings ( (HK:3800) ) has issued an announcement.
GCL Technology Holdings Limited has amended its subscription agreement to accommodate funding schedules, splitting the first and second tranche subscriptions into smaller parts while keeping the total number of shares unchanged. The company plans to utilize approximately HK$5,392 million from the subscription proceeds to expand its polysilicon production capacity, enhance R&D in silane gas, optimize its capital structure, and repay bank loans, with a timeline extending to December 2028.
The most recent analyst rating on (HK:3800) stock is a Buy with a HK$1.65 price target. To see the full list of analyst forecasts on GCL-Poly Energy Holdings stock, see the HK:3800 Stock Forecast page.
More about GCL-Poly Energy Holdings
GCL Technology Holdings Limited, incorporated in the Cayman Islands, operates in the energy sector with a focus on polysilicon production and related materials. The company is engaged in enhancing its research and development capabilities, particularly in silane gas and energy storage materials, and aims to optimize its capital structure through strategic acquisitions and increased shareholding in subsidiaries.
Average Trading Volume: 755,867,526
Technical Sentiment Signal: Buy
Current Market Cap: HK$37.03B
See more data about 3800 stock on TipRanks’ Stock Analysis page.