-- 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.