GUOFUHEE (02582) announced that all conditions under the placement agreement have been fulfilled, and the placement was completed on December 2, 2025, in accordance with the terms of the agreement. The placing agent allocated a total of 4.858 million placement shares to no fewer than six placees at a price of HK$41.166 per share. The placement shares represent approximately 5.12% and 4.05% of the total issued H-shares and total issued shares, respectively, immediately following the completion of the placement.
The gross proceeds from the placement amounted to approximately HK$200 million, with net proceeds of around HK$197 million. The company intends to allocate approximately 60% of the net proceeds to financing investments and partnerships in hydrogen energy projects in China and overseas, while the remaining 40% will be used for working capital and general corporate purposes to support the group's business operations and growth.
The specific use of proceeds may be adjusted by the board of directors or its authorized personnel based on the operational conditions and actual needs of the company or the group, as well as relevant feedback from applicable regulatory authorities.
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