News: ZENERGY raises HKD 500 million through an 8% discounted placement
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Jiangsu ZENERGY Battery Technology Co., Ltd. announced the placement of 45.921 million new H shares, raising CNY 504 million, with a placement price of CNY 10.98, representing a discount of 7.89% compared to the previous closing price. The funds will be used for the construction of a new production facility, all-solid-state battery pilot line, and research and development activities. The company's revenue in the first half of the year was CNY 3.172 billion, a year-on-year increase of 71.9%, with a net profit of CNY 222 million, turning a profit from a loss. The stock price opened lower on Friday at HKD 11.01, down 7.63%
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