Ge Long Hui·2025-12-09 22:44Core Viewpoint - Changfei Fiber Optics (06869.HK) announced a placement agreement to issue 70 million new H-shares at a price of HKD 32.26 per share, aiming to raise approximately HKD 22.58 billion in total proceeds [1] Group 1: Placement Details - The placement shares will represent approximately 19.91% of the total issued H-shares and about 9.24% of the total issued share capital as of the announcement date [1] - After the issuance, the placement shares will account for approximately 16.60% of the enlarged total issued H-shares and about 8.46% of the enlarged total issued share capital [1] Group 2: Use of Proceeds - The net proceeds from the placement are expected to be approximately HKD 22.29 billion [1] - Approximately 80% of the net proceeds will be allocated for the development of the company's overseas business, while around 20% will be used for general working capital [1] - The company anticipates that the net proceeds will be fully utilized by December 2026 [1]