HK Stock Market Move | YOFC (06869) continued to rise by over 7%, with a net raise of over 2.2 billion Hong Kong dollars for the development of overseas business. The overseas growth momentum is strong.

YOFC (06869) rose over 7% again, with a total increase of over 30% this week. As of the deadline, it increased by 8.25% to 47.5 Hong Kong dollars, with a turnover of 1.307 billion Hong Kong dollars. In terms of news, YOFC previously announced that the company will issue 70 million new H shares at a subscription price of 32.26 Hong Kong dollars per share. The net proceeds from this subscription are expected to be approximately 2.229 billion Hong Kong dollars. According to the announcement, about 80% of the subscription funds will be used for the development of the company's overseas business, and about 20% will be used for general operating funds. Huatai previously pointed out that the company is firmly promoting its globalization strategy, continuously enhancing its international competitiveness through the construction of eight overseas production bases. The revenue from China/Hong Kong/Taiwan region and overseas regions has grown rapidly, from 398 million yuan (7.0% share) in 2014 to 4.115 billion yuan (33.7% share) in 2024. In the future, the company is expected to continuously optimize its production capacity layout to meet the recovery of global fiber optic demand, and strengthen the global expansion of diversified businesses to support long-term growth momentum overseas.