BRIEF: Guofu Hydrogen raises $12.8 million through share placement
Hydrogen energy equipment manufacturer Jiangsu Guofu Hydrogen Energy Technology Equipment Co. Ltd. (2582.HK), said on Wednesday that it will place about 2 million new shares for HK$50.13 each, raising about…
BRIEF: Guofu Hydrogen raises $11.67 million via share placement at 17% discount
Hydrogen storage and transportation equipment maker Jiangsu Guofu Hydrogen Energy Equipment Co. Ltd. (2582.HK) announcedon Sunday that it will place up to 1.73 million new Hong Kong-listed shares at HK$54…
China plays defense on EV batteries, offense on hydrogen
China rolls out new rules restricting the export of cutting-edge technology for EV battery manufacturing. How will this affect Chinese battery makers setting up factories abroad? And hydrogen fuel cell maker Refire reports its revenue fell 10% in the first half of the year. What does this say about a Chinese sector that's getting huge government support, but has yet to find a mass audience?
A hydrogen listing, and a new China toy story
A young company called Scage is close to listing in New York through a backdoor SPAC merger. Is it really worth the high valuation it's seeking? And 52Toys has hired an investment bank for a Hong Kong IPO. Will it be able to sell investors on its toy story of rapid expansion and hot collectibles?
Despite slumping revenue, Shanghai Refire cruises on government support
The company reported its revenue fell by 28% last year, led by a nearly 50% drop for its core hydrogen fuel cells Key Takeaways: Shanghai Refire’s revenue fell last year,…
BRIEF: Guofu Hydrogen launches IPO to raise up to $56 million
Hydrogen storage and transportation equipment maker Jiangsu Guofu Hydrogen Energy Equipment Co. Ltd. (2582.HK) launched it Hong Kong IPO on Thursday, aiming to sell 6 million shares, with 10% reserved…
IPO-bound Guofu stuck at low end of hydrogen-power food chain
The new energy company has filed to list in Hong Kong, earning most of its money from hydrogen transport and refueling equipment Key Takeaways: Guofu Hydrogen has posted steady revenue…
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