Sanergy Group (02459) rose over 24%, as of the time of publication, it rose by 24.39%, closing at 0.51 Hong Kong dollars, with a turnover of 64.266 million Hong Kong dollars.
According to the Wise Finance APP, Sanergy Group (02459) rose over 24%, as of the time of publication, it rose by 24.39%, closing at 0.51 Hong Kong dollars, with a turnover of 64.266 million Hong Kong dollars.
On the news front, Sanergy Group announced the completion of all preconditions for the sale of existing shares and subscription for new shares, with an initial old-to-new sale of 50 million shares at a price of 0.325 Hong Kong dollars per share. Upon completion of the subscription, 50 million new shares will be issued at a subscription price of 0.325 Hong Kong dollars per share, with a net profit of approximately 0.318 Hong Kong dollars per share, representing 4.72% of the expanded share capital of the company. The net proceeds are approximately 15.9 million Hong Kong dollars, which will be used for the development of the graphite electrodes business and to supplement working capital.
