Global Strategy Group (08007) rose more than 7% and continued to reach a new high this year. Since May, it has surged 248%. As of press release, it has risen 7.69% to HK$0.70, with a turnover of HK$2.27 million.
The Zhitong Finance app learned that Global Strategy Group (08007) rose more than 7% and continued to reach a new high this year. Since May, it has surged 248%. As of press release, it has risen 7.69% to HK$0.70, with a turnover of HK$2.27 million.
According to the news, Global Strategy Group previously announced that on September 28, 2023 (after the trading period), the company signed a termination agreement with the placement agent. The two parties agreed to terminate the placement agreement and an extension letter dated September 27, 2023, which took effect immediately. Accordingly, all rights and obligations of the Company and the Placing Agent under these agreements will cease to have any effect as of September 28, 2023.
The directors believe that the termination of these agreements and the proposed placements under them will have no significant adverse impact on the financial position and operations of the Company. In light of the Group's future development and market conditions, the Company may consider further fund-raising activities. The company will inform the market by means of publication in accordance with the GEM listing rules in due course.
Cinda Securities pointed out that since the second half of 2021, the price of domestic market-based gas sources has continued to rise due to factors such as rising international natural gas prices and tight energy supply. Since 2023, prices have remained high despite a year-on-year decline. Domestic natural gas supply and demand are still tight during the “14th Five-Year Plan” period. Domestic market-based gas prices may remain at a high level, and the profit level of domestic coalbed methane companies with cost advantages is expected to rise.