GCL TECH(HK:03800)2023-10-17 12:50Fund Allocation and Utilization - GCL Technology Holdings Limited reported a net amount of approximately HKD 310 million from the placement of 2,275,000,000 shares at HKD 0.138 per share in August 2022[1]. - The company allocated HKD 1,674 million for reducing existing debt levels and adjusting the debt structure from the January 2021 placement, with no amounts utilized as of June 30, 2023[2]. - From the December 2021 placement, capital expenditures amounted to HKD 4,549 million, with HKD 4,418 million utilized by December 31, 2022[3]. - The company plans to use HKD 279 million from the 2022 placement for investments in natural gas and liquefied natural gas projects, with all funds allocated as of December 31, 2022[4]. - General corporate purposes accounted for HKD 524 million from the January 2021 placement, with HKD 350 million utilized by December 31, 2022[2]. - The company has not utilized any funds from the January 2021 placement for the development of the silicon fluidized bed method as of June 30, 2023[2]. - As of June 30, 2023, HKD 57 million remains from the general working capital allocation from the December 2021 placement, expected to be utilized by December 31, 2024[3]. - The company does not have sufficient information regarding the use of proceeds from the 2022 placement since it is no longer a subsidiary as of January 1, 2023[4]. Share Options - The share options granted in February 2022 had a closing price of HKD 2.42 prior to the grant date[5]. - The share options granted in July 2022 had a closing price of HKD 3.83 prior to the grant date[5].