Group 1 - The company plans to issue up to 1.368 billion placement shares at HKD 0.34 per share, representing a premium of approximately 1.49% over the closing price of HKD 0.335 on the placement agreement date [1] - The net proceeds from the placement are estimated to be around HKD 460 million [1] Group 2 - Approximately 57.67% of the proceeds will be used to repay the group's debts [1] - About 8.70% will be allocated to expand the group's energy commodity trading business in South Korea [1] - Approximately 21.76% will be used to expand the group's energy commodity trading business in China [1] - Around 7.18% will be directed towards exploring renewable energy opportunities [1] - About 4.69% will be utilized for general working capital of the group [1]

Core Viewpoint - Energy and Energy Global (01142) has rebounded over 165% today, although it has still seen a cumulative decline of over 86% this month [1] Group 1: Stock Performance - As of the report, the stock price increased by 142.5%, reaching HKD 0.485, with a trading volume of HKD 102 million [1] Group 2: Business Expansion - The company has announced its expansion into the trading of energy-related commodities, specifically coal, in the People's Republic of China [1] - The strategy involves leveraging industry contacts from its coal mining operations in northern China to penetrate this market and expand into other regions [1] - This move is aimed at mitigating the overall risks faced by the company [1] Group 3: Shareholding Structure - In August, the Hong Kong Securities and Futures Commission highlighted the high concentration of shareholding in Energy and Energy Global, noting that only 69.1143 million shares (1.01% of the issued share capital) are held by other shareholders [1] - The company confirmed that by July 31, 2025, and as of the announcement date, at least 25% of the issued shares will be held by the public, ensuring compliance with listing rules regarding public shareholding [1]

Core Viewpoint - The company is expanding its business into coal trading in China, leveraging its existing expertise in energy commodities and aiming for sustainable growth and diversification of revenue sources [1][2]. Group 1: Business Expansion - The company has announced its entry into the coal trading market in China, with plans to utilize its industry contacts in northern China to penetrate this market [1][2]. - A new wholly-owned subsidiary has been established in China to facilitate coal trading agreements [2]. Group 2: Strategic Rationale - The board believes that establishing a coal trading business will allow the company to leverage its expertise in coal mining and commodity trading, enhancing its understanding of potential customers when Russian coal mines begin operations [2]. - This strategic move is expected to mitigate overall business risks and enable the company to adapt to changing market conditions amid global crises and uncertainties [2].