Sanergy Group Ltd. Announces Plans to Allocate Remaining Listing and Rights Issue Proceeds for Production Facility Upgrades, Cost Reduction, and Support of Graphite Electrode Business Through 2026
I'm PortAI, I can summarize articles.
Sanergy Group Ltd. announced plans to allocate remaining proceeds from its listing and rights issue to upgrade production facilities, reduce costs, and support the graphite electrode business through 2026. HK$11.0 million will be used for graphite electrodes and GAM business development, while HK$2.7 million from the listing and HK$11.0 million from the rights issue will fund capital initiatives, raw materials procurement, subcontracting, and operating expenses. The board may revise the plan based on market conditions.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments