Recently, GCL Group has made two strategic moves in quick succession across overseas industrial sectors and capital markets, demonstrating the powerful momentum of its "Industry + Capital" dual-driven strategy.
Industrial Side: 4GW Wind-Solar Project and Lithium Processing in Africa
On January 25, local time, GCL Group and Swiber Africa Group of Nigeria officially signed a New Energy Industry Framework Cooperation Agreement in Dubai, UAE. According to the agreement, both parties will engage in deep cooperation across energy system construction, strategic lithium resource development, and supply chain synergy.
Under the planned agreement, the two parties will collaborate on energy infrastructure with a total installed capacity of up to 7GW. This primarily includes the construction of 3GW of modern gas-fired power plants, 4GW of integrated wind and solar projects, as well as significant hydropower and coal-fired power plant projects. Additionally, both parties will upgrade and modernize the supporting smart grids and transmission and distribution networks.
Beyond ensuring energy supply, another core pillar of this cooperation lies in the deep development of the lithium battery value chain. The two parties have reached a clear consensus to invest in a lithium carbonate refinery in Abia State, Nigeria. By introducing GCL Group’s advanced material processing technologies, the partnership aims to extend the value chain from simple mining to mineral processing and deep refining, driving the formation of a local lithium battery industrial ecosystem in Nigeria.
Capital Side: Raising HK$1.17 Billion with a Premium Investment from an "AI Computing" Fund
Just three days after the landmark overseas deal, positive news followed from the capital markets.
On the evening of January 28, GCL Technology announced that it had entered into an agreement with a subscriber to issue convertible bonds with a total principal amount not exceeding HK$1.17 billion (approximately RMB 1.044 billion).
The exclusive subscriber for this convertible bond is CPICIM AI Computing Power SP, a segregated portfolio under Pacific Waterdrip Digital Asset Fund SPC. The fund is managed by CPIC Investment Management (Hong Kong) Limited.
According to the terms of the agreement, the initial conversion price of the bonds is set at HK$1.60 per share, representing a significant premium of 41.59% over the closing price on the day of signing (HK$1.13). GCL Technology stated that the net proceeds, after deducting expenses, are intended to be used for investments in M&A (mergers and acquisitions) funds.
Source：EnergyTrend
