China Energy Storage Technology Development Ltd. Announces Private Placement of New Shares to Raise HK$14.5 Million for Energy Storage Product Acquisition

Reuters

Jun 23

China Energy Storage Technology Development Ltd. Announces Private Placement of New Shares to Raise HK$14.5 Million for Energy Storage Product Acquisition

China Energy Storage Technology Development Ltd., formerly known as Link-Asia International MedTech Group Limited, has announced a private placement of up to 44,856,000 new shares under a general mandate. The company plans to utilize approximately HK$14.5 million from the net proceeds to acquire energy storage products through a distribution agent. This move is part of the company's strategy to support business growth and diversify revenue streams in Asia, amid challenges in the European market and a complex global economic environment. The shares, each valued at HK$0.2, are expected to be issued at a net price of approximately HK$0.32 per share after deductions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Energy Storage Technology Development Ltd. published the original content used to generate this news brief on June 23, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Announces Private Placement of New Shares to Raise HK$14.5 Million for Energy Storage Product Acquisition. China Energy Storage Technology Development Ltd., formerly known as Link-Asia International MedTech Group Limited, has announced a private placement of up to 44,856,000 new shares under a general mandate. The company plans to utilize approximately HK$14.5 million from the net proceeds to acquire energy storage products through a distribution agent. This move is part of the company's strategy to support business growth and diversify revenue streams in Asia, amid challenges in the European market and a complex global economic environment. The shares, each valued at HK$0.2, are expected to be issued at a net price of approximately HK$0.32 per share after deductions.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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