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One and One Green Technologies. INC Announces Full Exercise of the Over-allotment Option by Underwriters
Globenewswireยท 2025-10-28 20:00
Core Viewpoint - One and one Green Technologies, a waste materials and scrap metal recycling company in the Philippines, successfully completed its initial public offering (IPO) by fully exercising the over-allotment option, raising an additional $1.5 million, bringing total gross proceeds to approximately $11.5 million from the sale of 2.3 million Class A ordinary shares at $5.00 per share [1][2]. Company Overview - One and one Green Technologies is headquartered in the Philippines and operates through its subsidiaries, Yoda Metal and Craft Trading and Services Corp. and DL Metal Corporation, focusing on recycling, production, and trading of scrap metals [6]. - The company holds a government-issued license to import hazardous waste as raw materials and has an annual processing capacity of about 300,000 tons [7]. Environmental Technologies - One and one has developed environmentally friendly technologies, including an exhaust gas recirculation system, which has received regular approval from the Environmental Management Bureau of the Philippines. This system enhances operational efficiency while minimizing contamination [8]. Market Expansion Plans - The company aims to expand its sourcing of raw materials from Japan and South Korea and intends to broaden its market presence across Southeast Asia and other international markets [8].