Shares of CONANT OPTICAL, a leading optical manufacturing company in China, surged 5.70% in intraday trading on Monday.
The stock's strong performance was fueled by the company's announcement to place 53.3 million new shares at HK$15.86 per share, raising funds to support its business expansion and operations.
The placing of new shares is expected to strengthen CONANT OPTICAL's financial position and provide additional capital for future growth initiatives, which could potentially drive further gains in the company's stock price.
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