GCL NEWENERGY (00451) has announced that all conditions under the placement agreement have been fulfilled, and the placement was completed on April 28, 2026. A total of 127 million placement shares, representing approximately 7.55% of the company's issued share capital as enlarged by the allotment and issue of the placement shares, were successfully placed to no fewer than six placees at a price of HK$1.05 per share. The gross proceeds from the placement amounted to approximately HK$133 million, with net proceeds totaling around HK$131 million.
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