Kexuan Power Holdings (00476.HK) has completed the placement of a total of 27 million shares.

Intelligence Finance and Economics APP news, China Power Control Holdings (00476.HK) announced that all the prerequisites set out in the subscription agreement have been met, and the subscription matters were completed on May 9, 2025 in accordance with the terms and conditions of the subscription agreement. A total of 27 million shares of subscription shares were allocated to no fewer than six underwriters at a subscription price of HK$0.30 per share. The net proceeds from the subscription amount to approximately HK$7.8 million. The Company intends to use the net proceeds from the subscription for the group's general working capital.