Hengtong Optic-Electric Plans Up to 6.636 Billion Yuan Private Placement for Fiber, AI Optical Interconnect and Marine Energy
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Hengtong Optic-Electric (600487.SH) announced on September 24 that it plans to issue A-shares to no more than 35 specific investors, raising up to 6.636 billion yuan. The proceeds, after deducting issuance costs, will fund projects including next-generation optical fiber R&D and production, Inner Mongolia optical high-end materials, CPO advanced packaging R&D, data communication, AI optical interconnection, marine energy interconnection and smart maintenance in Jieyang, a deep-sea laying vessel construction, a smart manufacturing base, and working capital. The issuance price will be at least 80% of the average stock trading price in the 20 trading days before the pricing date, with a maximum of 740 million shares, not exceeding 30% of total shares before issuance.
Source report
Shanghai, September 24 — Hengtong Optic-Electric Co., Ltd. (600487.SH) announced that it plans to issue A-shares to specific investors, aiming to raise a total of no more than RMB 6.636 billion. After deducting issuance expenses, the net proceeds will be allocated to the following projects:
- Next-generation optical fiber R&D and production project
- Inner Mongolia high-end optical materials construction project
- CPO advanced packaging R&D project
- Hengtong data intelligent communication project
- AI advanced optical interconnection project
- Hengtong (Jieyang) marine energy interconnection and smart operation & maintenance project
- 10,000-ton deep-sea laying vessel investment and construction project
- Hengtong intelligent manufacturing industrial base project
- Supplementary working capital
The issuance will be directed to no more than 35 specific investors. The issue price will be no less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing benchmark date. The total number of shares to be issued will not exceed 740 million, representing no more than 30% of the company's total share capital before the issuance.
Source
财联社Eastern
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Hengtong Optic-Electric Plans Up to 6.636 Billion Yuan Private Placement for Optical and AI Projects