Sanergy Group Plans Discounted Share Placing to Raise About HK$18.9 Million
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Sanergy Group Ltd. plans to raise approximately HK$18.9 million through a discounted share placing of up to 228 million new shares, representing about 13.33% of its current issued share capital. The shares will be offered at HK$0.083 each to at least six independent investors. The placement is subject to conditions and may not proceed. The company, listed on the Hong Kong Stock Exchange under stock code 2459, has a current market cap of HK$172.7 million and an analyst rating of Hold with a price target of HK$0.10.
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