Zhi Tong Cai Jing·2025-12-10 02:36Group 1 - The core point of the news is that Changfei Fiber Optic Cable announced a placement of 70 million new shares at a price of HKD 32.26 per share, which is a discount of 14.93% compared to the closing price on December 9 [4] - The total amount expected to be raised from the placement is approximately HKD 22.58 billion, with a net amount of about HKD 22.3 billion [4] - Approximately 80% of the funds raised will be used for the development of overseas business, while the remaining will be allocated for working capital [4] Group 2 - Changfei Fiber Optic Cable is a leading global supplier of optical fiber preforms, optical fibers, and cables, engaged in research, production, and sales [4] - Of the total funds raised, around HKD 17.8 billion will be directed towards overseas business development, and approximately HKD 4.5 billion will be used for general working capital [4] - The share placement is conducted under a general authorization granted by the shareholders' meeting and is expected to be completed by December 17, 2025 [4]