On May 28, Cambridge Industrial Technology (HK6166) announced on the Hong Kong Stock Exchange that it would place out 15.6 million shares at a price of HK$126.66 per share. The total proceeds from the placement will be approximately HK$1.976 billion, with a net amount of approximately HK$1.967 billion, which will be used for core component reserves, replenishing working capital, and other corporate purposes.
