GCL Technology Holdings Announces Completion of First Tranche Subscription and Updates on Second Tranche and Use of Proceeds

Reuters

Oct 10

GCL Technology Holdings Announces Completion of First Tranche Subscription and Updates on Second Tranche and Use of Proceeds

GCL Technology Holdings Ltd. has announced the completion of the first tranche of its new share subscription under a general mandate. The company provided an update on the second tranche subscription and outlined its intended use of proceeds. GCL Technology expects to utilize HK$888 million by the end of 2025, HK$409 million by mid-2026, and HK$190 million by the end of 2026, primarily for expansion purposes. The board considers the subscription period fair and reasonable, as the funds will be deployed gradually to support the company's growth plans.

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 October 10, 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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