Core Viewpoint - Kexuan Power Holdings (00476) has completed a placement of 20 million shares at a price of HKD 0.78 per share, raising approximately HKD 15.4 million for general working capital and expansion of its new energy business [1] Group 1: Placement Details - The placement involved 20 million shares, representing about 6.31% of the company's issued share capital post-placement [1] - The net proceeds from the placement, after deducting commissions and other expenses, amount to approximately HKD 15.4 million [1] Group 2: Use of Proceeds - Approximately HKD 12 million of the net proceeds will be allocated to the development and expansion of the company's new energy business, particularly in electric commercial solutions [1] - About HKD 3.4 million will be used to supplement the company's general working capital [1]