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The latest update is out from GCL-Poly Energy Holdings ( (HK:3800) ).
GCL Technology Holdings Limited has completed the first tranche of its subscription agreement, issuing over 2 billion shares to Infini Global Master Fund at HK$1.15 per share. The second tranche is expected to be completed in November 2025, with proceeds aimed at expanding polysilicon production and enhancing R&D capabilities. The company plans to use the funds for mergers and acquisitions to increase production capacity and invest in silane gas and related materials, although no specific acquisition targets have been identified yet.
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 is a company incorporated in the Cayman Islands, operating in the energy sector. The company focuses on the production of polysilicon and related materials, with a market emphasis on increasing production capacity and enhancing research and development in silane gas and other energy-related materials.
Average Trading Volume: 665,885,953
Technical Sentiment Signal: Buy
Current Market Cap: HK$39.52B
For a thorough assessment of 3800 stock, go to TipRanks’ Stock Analysis page.