CN ANCHU ENERGY issues new shares at a discount of 19.12%, raising HKD 288 million

CN ANCHU ENERGY (02399.HK) announced that it will issue a total of 524 million new shares to 31 independent third parties, equivalent to an enlarged share capital of 14.68%; the price per share is HKD 0.55, representing a discount of 19.12% compared to the last trading day (12th). The net proceeds from the fundraising are approximately HKD 288 million, which will be used for business development, debt repayment, and general working capital