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CONANT OPTICAL Soars ~6% After Announcing 11%+ Discounted Shr Placement to Net ~HKD1.4B for Production Line Construction
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CONANT OPTICAL (02276.HK) opened 1.2% higher today (27th) and once peaked at HKD65.35. It last traded at HKD61.95, up 5.9%, with a volume of 1.4369 million shares, involving HKD90.5098 million. Previously, CONANT OPTICAL announced that it had entered into a placing agreement to place 27 million shares (around 5.33% of the enlarged issued share capital) at a placement price of HKD52 per share, about an 11.1% discount to yesterday's (26th) closing price of HKD58.5 per share. The net proceeds are expected to hit nearly HKD1.4 billion, and around 20% of which are intended to be used for the expansion of XR-related production capacity and smart manufacturing capability at CONANT OPTICAL's Thailand plant. The company plans to adopt fully automated and flexible production lines to enhance the production capacity and efficiency of customized lenses. AAStocks Financial News |
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