Hangzhou Cable Co.,Ltd. Proposes Private Placement to Raise Up to 2.88 Billion Yuan for AI High-End Copper Foil Project

Stock News07-20 19:44

Hangzhou Cable Co.,Ltd. (ASX: 603618) has disclosed its plan for a private placement of A-shares to specific investors in 2026. The total funds to be raised from this offering will not exceed 2.88 billion yuan, inclusive of all costs.

After deducting issuance expenses, the net proceeds are earmarked for investment in two major projects. The first is the construction of a super factory dedicated to the research, development, and manufacturing of optical fiber preforms, quartz mother materials, and new types of optical fibers. The second project is the establishment of an annual production capacity of 30,000 tons of high-end electronic circuit copper foil, specifically designed for use in 人工智能 applications.

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Proposes Private Placement to Raise Up to 2.88 Billion Yuan for AI High-End Copper Foil Project\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-07-20 19:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Hangzhou Cable Co.,Ltd.</b> (<b>ASX: 603618</b>) has disclosed its plan for a private placement of A-shares to specific investors in 2026. The total funds to be raised from this offering will not exceed 2.88 billion yuan, inclusive of all costs.<br><br>After deducting issuance expenses, the net proceeds are earmarked for investment in two major projects. 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