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Yangtze Optical Fibre and Cable Joint Stock Co ( (HK:6869) ) has issued an announcement.
Yangtze Optical Fibre and Cable Joint Stock Co. has successfully completed the placement of 70 million new H shares, raising approximately HK$2.23 billion in net proceeds. The company plans to allocate 80% of the funds to developing its overseas business through capacity enhancement and market expansion, while the remaining 20% will be directed towards general working capital, including loan repayments, supplier payments, and employee compensation.
The most recent analyst rating on (HK:6869) stock is a Hold with a HK$45.00 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 prominent player in the fiber-optic communication industry, focusing on the development and production of optical fiber and cable solutions. The company has a strong market presence, particularly in expanding its production capacity and overseas operations.
Average Trading Volume: 24,517,808
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$53.5B
For an in-depth examination of 6869 stock, go to TipRanks’ Overview page.