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GCL Technology Receives Full Payment for Share Placement
GCL TECH (03800.HK) has completed the placement of a total of 1.56 billion shares, raising a net amount of 1.53 billion Hong Kong dollars.
On January 6, Glonghui reported that GCL TECH (03800.HK) announced the placement of up to 1.56 billion shares of the company ("Placement"). The placement was completed on January 3, 2025. A total of 1.56 billion shares (equivalent to approximately 5.48% of the issued share capital after the placement shares are allocated and issued) have been placed to no less than six placees.
Sinolink: A turning point in Photovoltaic Glass inventory has emerged, pay attention to the downstream component factory restocking demand after the Spring Festival.
The inventory turning point in the Photovoltaic Glass Industry has been observed, expecting a price turning point, and focusing on the demand for downstream component manufacturers to restock after the Spring Festival.
Hong Kong stocks are showing unusual movements | Photovoltaic stocks recovered in the morning session. Currently, the silicon wafer supply side is tight, and this week the silicon wafer prices have begun to rise.
In the early trading hours, solar stocks warmed up. As of the time of writing, FLAT GLASS (06865) rose by 4.1%, reporting at 11.4 Hong Kong dollars; GCL TECH (03800) rose by 2.83%, reporting at 1.09 Hong Kong dollars; XINYI SOLAR (00968) rose by 2.71%, reporting at 3.03 Hong Kong dollars; GCL NEWENERGY (00451) rose by 1.04%, reporting at 0.485 Hong Kong dollars.
Photovoltaic Power stocks rose overall, FLAT GLASS (06865) increased by 3.83%, and Institutions expect a turning point in Photovoltaic Glass prices is likely.
Financial news | Photovoltaic Power shares rose overall, with FLAT GLASS (06865) up 3.83%, GCL TECH (03800) up 2.83%, XINYI SOLAR (00968) up 2.71%, GCL NEWENERGY (00451) up 1.04%, and XINTE ENERGY (01799) up 0.42%. According to Sinolink, since 2024, the total cold repair of Photovoltaic Glass production lines has reached 0.0275 million tons per day, accounting for over 20% of the existing production capacity. Additionally, considering the maintenance actions of some in-production capacity, the actual reduction in the Industry is even greater, and the Industry inventory peaked in early November.
Announcement Highlights | The December Electric Vehicles sales report has been released! BYD sold 0.515 million vehicles in a month, and "Weixiaoli" reached new highs together; 13.138 billion Hong Kong dollars! Alibaba fully divested from SUNART RETAIL, a
GCL NEWENERGY plans to sell its photovoltaic assets in Micron; XINYI SOLAR's annual profit may drop by more than 70%.
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