SEHK:6869Communications
Why Yangtze Optical Fibre And Cable Limited (SEHK:6869) Is Up 5.3% After HK$2.26 Billion Follow-On Offering And Governance Shake-Up
Yangtze Optical Fibre and Cable Joint Stock Limited Company recently completed a follow-on equity offering of HK$2.26 billion, issuing 70,000,000 H shares via a subsequent direct listing at HK$32.26 per share.
This sizeable capital raise, alongside governance changes such as abolishing the supervisory board and appointing new non-executive directors, signals a meaningful shift in how the company may fund and oversee its future operations.
We’ll now examine how this large follow-on equity...