In the UK, Fuel Cells Works reported that Jiangsu Guofu Hydrogen Energy Equipment has completed a $11.6 million placement of 1.73 million new H shares on the Hong Kong Stock Exchange, expanding its capital base to accelerate hydrogen project investments both domestically and internationally.
The transaction, carried out under a general mandate approved by shareholders, brings the company’s total issued share count to 106.77 million, according to the report.
“This capital injection strengthens our ability to pursue strategic cooperation and expand our market share in the global hydrogen equipment space,” the company noted.
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