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Yangtze Optical Fibre and Cable Joint Stock Co ( (HK:6869) ) has shared an announcement.
Yangtze Optical Fibre and Cable Joint Stock Co announced the placing of new H shares under a general mandate, with the agreement made on December 9, 2025. The company plans to issue 70 million placing shares at HK$32.26 each, representing a significant portion of the company’s total issued share capital. The expected gross proceeds from this placing are approximately HK$2,258.20 million, with net proceeds intended for specific uses outlined by the company. The placing price reflects a discount to recent trading prices, and the placing is subject to certain conditions and approvals.
The most recent analyst rating on (HK:6869) stock is a Hold with a HK$38.00 price target. To see the full list of analyst forecasts on Yangtze Optical Fibre and Cable Joint Stock Co stock, see the HK:6869 Stock Forecast page.
More about Yangtze Optical Fibre and Cable Joint Stock Co
Yangtze Optical Fibre and Cable Joint Stock Co is a joint stock limited company based in the People’s Republic of China. The company is involved in the optical fibre and cable industry, focusing on the production and sale of optical fibre products.
Average Trading Volume: 24,398,069
Technical Sentiment Signal: Buy
Current Market Cap: HK$49.68B
For a thorough assessment of 6869 stock, go to TipRanks’ Stock Analysis page.