MB-GCL @EC2603B(19014.HK)

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MB-GCL @EC2603B
19014.HK
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GCL Technology Plans Nearly HK$1.2 Billion Convertible Bond Issue

GCL Technology Plans Nearly HK$1.2 Billion Convertible Bond Issue

marketscreener·
SH
562550
-0.36%
SH
588830
-2.40%
SZ
002506
-7.58%
marketscreener·
SH
562550
-0.36%
SH
588830
-2.40%
SZ
002506
-7.58%

GCL TECH issues CB to third parties to raise 1.17 billion for investment and acquisition fund

GCL TECH announced the issuance of convertible bonds to an independent third party, CPICIM AI Computing Power SP, with a total fundraising amount not exceeding 1.17 billion yuan, an annual interest rate of 9.5%, and a maturity date of 364 days from the date of issuance. The conversion price is 1.6 yuan, representing a premium of 41.59% over today's closing price. The proceeds will be used for investment in a merger and acquisition fund, with the subscriber being one of the independent portfolios of Pacific Waterdrip Digital Asset Fund SPC

AASTOCKS·
HK
03800
-3.57%
AASTOCKS·
HK
03800
-3.57%

GCL Technology Holdings Announces HK$1.17 Billion Convertible Bond Issue

GCL Technology Holdings Ltd. has announced a proposed issue of convertible bonds totaling up to HK$1.17 billion. The bonds, convertible into new shares at HK$1.60 each, will be issued under the company's general mandate. The subscription agreement was signed on January 28, 2026, and the proceeds will support the company's ongoing operations and development.

Reuters·
HK
03800
-3.57%
Reuters·
HK
03800
-3.57%

According to "The Big Bank" research, GCL TECH is the largest manufacturer of next-generation space solar cells

HSBC Research pointed out that GCL TECH is the largest manufacturer of next-generation space solar cells. It is expected that by 2030, the market size of space solar panels will reach USD 20 billion, increasing to USD 64 billion by 2035. Although market development is influenced by technological and economic conditions, GCL TECH's performance in the space solar field is optimistic, providing a better risk-return ratio

AASTOCKS·
HK
03800
-3.57%
AASTOCKS·
HK
03800
-3.57%

DBS downgraded GCL TECH to "Hold" with a target price reduced to HKD 1.12

DBS Bank has downgraded GCL TECH's investment rating to "Hold," with a target price reduced from RMB 1.65 to RMB 1.12. Although the company has a technological advantage in granular silicon production and production costs continue to decline, industry consolidation has become unclear due to policy intervention. Recent acquisition prices have been relatively high, increasing uncertainty. Despite the strong resilience of solar module prices, analysts believe that market consolidation will take longer and rely on government policy support. The company acquired a 42.5% stake in Inner Mongolia Xinyuan Silicon Material Technology for RMB 2 billion, with the transaction valuation being relatively high and limited short-term financial impact

AASTOCKS·
HK
03800
-3.57%
AASTOCKS·
HK
03800
-3.57%
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