Cig Shanghai Co.,Ltd. (603083.SH) Plans $100 Million Capital Injection into CIG USA for High-Speed Optical Module Capacity Expansion in North America and Southeast Asia

Stock News12-08

Cig Shanghai Co.,Ltd. (603083.SH) announced plans to inject $100 million into its U.S. subsidiary, CAMBRIDGE INDUSTRIES USA INC. (CIG USA), using proceeds from its overseas H-share listing. The capital increase aims to enhance operational efficiency of overseas-raised funds and support CIG USA's business expansion. The funds will be allocated for procuring production equipment and scaling high-speed optical module production capacity in North America and Southeast Asia.

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