On May 28, Cambridge Industries Group (06166.HK) rose 3.17% in regular trading, trading at HK$147.3/share, with trading volume of HK$278 million.

On the news front, the company announced a placement of 15.6 million new H shares at HK$126.66 per share, representing an approximately 8.88% discount to the previous closing price. The net proceeds of approximately HK$19.67 billion will be allocated to strategic reserves of core components, supplementing working capital, and supporting the acceleration of its globalization strategy.

The fundraising comes amid sustained tightness in key materials such as DSP chips and optical chips critical for 800G and 1.6T optical module production. The company has been proactively securing materials, with recent large-scale DSP orders placed to ensure high-end optical module deliveries. Its Q1 net profit surged 276.44% year-over-year, 800G silicon photonic modules are in volume shipment to North American clients, and 1.6T products have entered mass production, with annualized capacity reaching 3.5 million units.

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