HK-listed GCL Technology hits 2-month high on plan to ramp up silicon production

GCL Technology Holdings

27/09/2022 08:20

** Shares of solar materials manufacturer and solar farm
operator GCL Technology Holdings Ltd  3800.HK  surge as much as
5.2% to HK$2.61, their biggest daily pct gain since July 26 if
gains hold
    ** Co plans to construct a plant and to invest in its green
electricity supply facilities to produce granular silicon and
high-purity nano-silicon in Wuhai in the Inner Mongolia
Autonomous Region  urn:newsml:reuters.com:*:nFWN30X1C3
    ** Says the Wuhai project is able to ramp up its annual
granular silicon and high-purity nano-silicon production
capacities to 500,000 tonnes and 300,000 tonnes, respectively, 
from the current 400,000 tonnes and 150,000 tonnes 
    ** The Hang Seng Commerce & Industry Index  .HSNC  climbs
0.1%, while the Hang Seng Composite Index on energy stocks
 .HSCIE  slips 0.5%
    ** The Hang Seng Composite Index  .HSCI  gains 0.04% while
the benchmark Hang Seng Index  .HSI  eases 0.2%
    ** As of last close, the stock had fallen 11.7% this year
 (Reporting by Donny Kwok, Editing by Louise Heavens)
 ((donny.kwok@thomsonreuters.com))