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On April 21, 2026, Far East S&T (600869.SH) unveiled its ambitious plan to issue A-share stocks to targeted investors. The number of shares earmarked for issuance will not surpass 30% of the company's total share capital prior to the issuance. The capital raised through this initiative is projected to reach a maximum of 2 billion yuan. After accounting for issuance expenses, these funds will be strategically allocated to two key areas: the manufacturing project for fully synthetic optical fiber preforms tailored for AIDC (Artificial Intelligence Data Centers), and to bolster the company's working capital reserves. This move underscores Far East S&T's commitment to advancing technological innovation and strengthening its financial foundation.
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