China Carbon Neutral (01372.HK): Proposed Issuance of Approximately 96.59 Million New Shares, Raising Net Proceeds of About HK$77.27 Million
NewTimeSpace News: On 13 May 2026, China Carbon Neutral (01372.HK) announced that it has signed a subscription agreement with three independent individual investors. The company plans to issue about 96.59 million new shares at HK$0.80 per share, representing 10.97% of its existing share capital, raising net proceeds of approximately HK$77.27 million.
According to the announcement, around 50% of the net proceeds will be used for daily operational expenses, and the remaining 50% will be allocated to debt repayment.
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