Sanergy Brings Forward Share Placing Deadline, Earmarks HK$18.4m for Graphite Expansion and Liquidity
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Sanergy Group Ltd. has advanced the deadline for its share placing from March 31, 2026, to February 15, 2026, while maintaining other terms. The company aims to raise approximately HK$18.4 million to enhance its graphite electrodes business and improve liquidity. The funds will be used for raw material procurement, subcontracting, and operational costs. Currently, the stock is rated as a Sell with a price target of HK$0.10, and the company's market cap stands at HK$179.5 million.
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