---
title: "STOCKS | Hangzhou Cable Co. Plans Up To 2.88 Billion Yuan Share Sale For Fiber And Copper Foil Projects"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293195966.md"
description: "Hangzhou Cable Co. plans to raise up to 2.88 billion yuan by issuing A shares to specific investors. Net proceeds will fund a fiber preform and optical fiber superfactory project (1.38 billion yuan) and a high-end electronic circuit copper foil project for AI applications (1.49 billion yuan). The issuance size will not exceed 30% of total share capital, with the issue price set at no less than 80% of the 20-day average trading price prior to the pricing benchmark date."
datetime: "2026-07-20T09:55:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293195966.md)
  - [en](https://longbridge.com/en/news/293195966.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293195966.md)
generator: "portal-rs"
---

# STOCKS | Hangzhou Cable Co. Plans Up To 2.88 Billion Yuan Share Sale For Fiber And Copper Foil Projects

Hangzhou Cable Co. said it plans to issue A shares to specific investors and raise no more than 2.88 billion yuan. According to Jin10, after deducting issuance costs, the net proceeds are intended for a fiber preform, quartz mother material and new optical fiber research and manufacturing superfactory project, with 1.38128 billion yuan earmarked, and a 30,000-ton-a-year high-end electronic circuit copper foil project for artificial intelligence use, with 1.49858 billion yuan earmarked. The number of shares to be issued will not exceed 30% of the company’s total share capital, the pricing benchmark date will be the first day of the offering period, and the issue price will be no lower than 80% of the average trading price of the stock over the 20 trading days before the pricing benchmark date.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**