O Optical Communications 2.1 to HK $2.9

April 15 Afternoon news, optical fiber communication products production Shang Anna optical Communication (00877) launched today, market news refers to the share price between 2.1 to HK $2.9. O Optical communications began today in Hong Kong to hold an investor promotion meeting, the market news revealed that the share price between 2.1 to HK $2.9. The company's preliminary prospectus indicates that 193.28 million new shares are to be issued, of which 173.952 million shares (90%) are international placements, 19.328 million shares (10%) are for public sale, raising funds of 4.06 to 560 million Hong Kong dollars, 1000 shares per hand, admission costs about 2929.26 yuan, and 15% Excess rights.　　In respect of the callback mechanism, if the public offering exceeds 100 times times or more, the public offering will increase from 10% to 50%. As set out in the document, 44.8% of the proceeds from Annaco funds are used to build new plants, 7.6% for rental and operating expenses, 9% for the expansion of production lines and research and development, 31% for potential acquisitions and 7.5% for general operating funds. Annaco will be in this month from 19th to 21st noon the IPO, April 23 Pricing, 29th listing. In Hong Kong, the sponsor is Lyon. (Yuet from Hong Kong)