Search
On December 8, CIG Shanghai (stock code: 603083.SH) made an announcement stating its intention to secure funds by issuing overseas-listed foreign shares, specifically H shares. These funds will be channeled into its wholly-owned subsidiary, CIG USA, with a capital increase of US$100 million. The allocated funds are earmarked for the acquisition of production equipment, aimed at significantly expanding the production capacity of high-speed optical modules in both North America and Southeast Asia. Additionally, the investment will bolster overseas R&D capabilities, augment strategic procurement reserves for marketing endeavors and essential components, foster participation in industrial chain collaborations, and provide supplementary operational funds.
-
C114 Communication Network -
Communication Home
