GCL Technology Boosts Subsidiary Stake with HK$800 Million Equity Investment
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GCL Technology Holdings Ltd. has announced an HK$800 million equity investment to increase its stake in a non-wholly owned subsidiary. The funds, raised from recent share subscriptions, will be used for the acquisition, which is based on the assumption that the appraised assets are available for transaction under current market conditions. A Limited Partnership was also established to facilitate this acquisition.
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