HK-listed GCL-Poly Energy jumps most in over 6 weeks on share sale

GCL Technology Holdings

15/12/2021 01:59

** Shares of polysilicon and wafers products maker and solar
farms operator GCL-Poly Energy Holdings Ltd  3800.HK  jump 15.3%
to HK$2.94, their biggest intraday percentage gain since Nov 1 
    ** Stock on course to snap two consecutive sessions of
losses
    ** Stock hits its highest level since Nov 30; the biggest
percentage gainer on the Hong Kong bourse and the second-most 
actively traded shares by turnover in early trade 
    ** Co plans sale of 2.04 bln new shares, or 7.52% of the
enlarged share capital, to no less than six independent
investors, raising HK$5.07 bln ($649.90 mln) for capital
expenditure and general working capital  urn:newsml:reuters.com:*:nFWN2SZ11P
    ** Says the new shares will be sold at HK$2.49 each, or 2.4%
discount to Tuesday's close 
    ** The Hang Seng Commerce & Industry Index  .HSNC  gains
0.1% while the Hang Seng Composite Index, tracking energy stocks
 .HSCIE , slips 0.6%
    ** The Hang Seng Composite Index  .HSCI  gains 0.1% and the 
benchmark Hang Seng Index  .HSI  climbs 0.3% 
    ** As of last close, stock up 107.3% this year

     ($1 = 7.8012 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))