China Anchu Energy Storage Raises HK$288 Million Through Share Subscription
Reuters
Dec 12, 2025
China Anchu Energy Storage Raises HK$288 Million Through Share Subscription
China Anchu Energy Storage Group Ltd. has entered into thirty-one subscription agreements with thirty-one subscribers for the issuance of new shares under a general mandate. The company will issue a total of 524,431,000 new shares at a subscription price of HK$0.55 per share. Completion of the transaction is subject to the fulfillment of conditions set out in the subscription agreements, with completion expected within five business days after these conditions are met. The proceeds from the share issuance are intended to be used as general working capital. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares, as the transaction may or may not proceed depending on whether the conditions are fulfilled.
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