TL NATURAL GAS (08536) opened and soared more than 50%, surging 414% since the end of September. As of press release, it was up 41.18% to HK$0.72, with a turnover of HK$4.91 million.
The Zhitong Finance App learned that the opening of TL NATURAL GAS (08536) has soared more than 50%, surging 414% since the end of September. As of press release, it has risen 41.18% to HK$0.72, with a turnover of HK$4.91 million.
According to the news, TL NATURAL GAS announced results for the first three quarters of 2023, with revenue of 51.886 million yuan, an increase of 12.4% over the previous year; loss attributable to company owners of 3.439 million yuan, a year-on-year decrease of 14.96%; loss per share of 1.94 points.
The announcement stated that the increase in revenue was mainly due to an increase in LNG sales, which was partly offset by a decrease in CNG sales. The reduction in losses was mainly due to a reduction in administrative expenses.
In addition, TL NATURAL GAS recently announced that on October 31, 2023, the company plans to place a maximum of 35.451,000 placed shares, which is equivalent to about 16.67% of the company's issued share capital after the expansion of the placement project. The placement price was HK$0.45 per placed share, a reduction of approximately 18.18% from the closing price of HK$0.55 per share on October 31.
The maximum amount of proceeds from the placement event will be HK$15.953,000. The maximum net proceeds from the placement will be approximately HK$15 million. The net proceeds from the placement will be used to invest in renewable energy-related businesses, including related facilities and equipment, and the Group's general working capital.