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GCL New Energy Completes HK$133 Million Share Offering

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-- GCL New Energy (HKG:0451) said it completed a HK$133 million share offering, according to a Hong Kong bourse filing Tuesday.

The renewable energy company's shares shed over 4% during Wednesday's recent trade.

The firm sold 127 million shares at HK$1.05 per share to raise funds to expand its business.

The shares represent 7.55% of the company's enlarged share capital.

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