Shanghai Conant Optical Co. Ltd. Class H (HK:2276) has released an update.
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Shanghai Conant Optical Co., Ltd. is undertaking a strategic move to boost its capital by placing 53,325,000 new shares at a discounted price of HK$15.86 each, raising approximately HK$827.93 million net. The proceeds will be invested in advancing lens technology and producing smart glasses and XR headsets, aligning with market trends towards innovative eyewear solutions.
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