GCL TECH (03800) completed the placement of 1.56 billion shares, raising approximately 15.3 billion Hong Kong dollars.

GCL TECH (03800) announced that it completed the placement of 1.56 billion shares of rights shares on January 3, 2025, raising approximately HK$1.53 billion. About 60% (approximately HK$920 million) will be used for the group's capital expenditure to develop and expand the group's CECEP Solar Energy related business, with the remaining 40% (approximately HK$610 million) reserved for general operating purposes to facilitate the group's operational activities.