Summary by Moomoo AI
GCL TECH Holdings Limited announced plans to place a maximum of 1.56 billion new shares at an issue price of HK$1.0 per share, which represents a discount of approximately 17.36% from the closing price on the last trading day. Assuming full placement, the estimated net proceeds will be approximately HK$1.53 billion and will be used for capital expenditures and general working capital. The placed shares represent approximately 5.79% of the company's existing issued share capital.The company is also exploring the possibility of issuing convertible Bonds, expected to be initiated around January 2025, with a principal amount of up to US$0.5 billion. Currently, discussions are underway with potential independent investors, and the pricing of the Bonds will be determined according to market terms...Show More