BRETON Shares Surge Nearly 5% as Strategic Congo Project Advances to Construction Phase

Stock News
03/06

BRETON (01333) rose nearly 5%, gaining 4.36% to HK$22 at the time of writing, with a turnover of HK$27.72 million. On March 5, the company announced that its indirect non-wholly-owned subsidiary, MINIERE VERTE SAS, as the contract awarder, entered into a general construction contract with STE DE DEVELOPPEMENT DU COMMERCE ET DE CONSTRUCTION for the Jinchuan Ruwaxi Digital Energy Project. The contractor will be responsible for civil engineering and installation work, with a provisional total contract value of $17.08 million. This transaction aims to advance the company's strategic overseas project in the Democratic Republic of Congo—the Ruwaxi microgrid project—into the substantive construction phase. This project represents the company's second benchmark initiative designed to address core energy challenges in certain African mining areas. According to the company's November 24, 2025, announcement regarding the completion of a placement of new H shares under a general mandate, approximately 70% of the placement proceeds (about HK$168 million) will be used to invest in the development of the group's overseas photovoltaic and energy storage projects, advancing the implementation of the company's integrated "PV + storage + transportation" strategy. The continued progress of this project concretely implements the designated use of funds and strategic direction, reflecting the practical execution of the company's overall business development strategy of "electric equipment + comprehensive energy" and its overseas market expansion plan, aimed at enhancing the group's comprehensive solution capabilities in the new energy sector.

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