Transtech Optelecom Science Holdings Announces HK$0.476 Share Placement
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Transtech Optelecom Science Holdings Ltd. announced a private placement of 52 million new shares at HK$0.476 each, increasing total shares from 260 million to 312 million. Major shareholder Hong Kong Futong Optical Fiber's stake will decrease from 75% to 62.5%, while public shareholders' proportion will fall from 25% to 20.83%. Completion is subject to conditions and may not proceed.
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