GCL Technology Holdings Announces Private Placement of New Shares to Boost Polysilicon Business

Reuters

Sep 25

GCL Technology Holdings Announces Private Placement of New Shares to Boost Polysilicon Business

GCL Technology Holdings Ltd. has announced amendments to its subscription agreement regarding the issuance of new shares under a general mandate. The company revealed that, following completion of the subscription, the total number of shares will be 33,216,469,973. The proceeds from this placement are intended to optimize the company's capital structure, with a focus on increasing its shareholding in subsidiaries involved in the polysilicon business. The subscriber for the new shares is Infini Capital Management Limited, acting as the investment manager for Infini Global Master Fund (IGMF), a multi-strategy investment fund. The ultimate beneficial owner of the subscriber is Tony Chin, founder and chairman of Infini Capital Global. The completion of the subscription remains conditional on the fulfillment or waiver of certain precedent conditions. GCL Technology has advised shareholders and potential investors to exercise caution when dealing in its shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GCL Technology Holdings Ltd. published the original content used to generate this news brief on September 25, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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