CIG Hong Kong shares fall on discounted share sale, bonds plan

CIG ShangHai

08/10/2026 04:31

** Hong Kong shares of CIG Shanghai 6166.HK fall 5.5% to HK$108, on track for biggest one-day pct decline since September 28 
** Stock hits the lowest point since September 29 in the third straight declining session
** Shanghai-listed stock 603083.SS down 5.6% to 194.01 yuan, the lowest level since September 28
** Chinese terminal equipment and high-speed optical module products developer plans sale of 18.45 million H shares in a share placement, raising HK$1.94 billion ($247.22 million) 
** The new shares will be issued at HK$105.16 apiece, representing 8% discount to Wednesday's close of HK$114.30
** Co also plans to issue 3.96 billion yuan ($590.77 million) worth of bonds due 2027, which are convertible into 35.98 million H shares, representing 8.9% of enlarged share capital 
** Proceeds will be used for enhancing production capacity of photonics products and for strategic investments, among others
** YTD, Hong Kong stock up 16.4%, Shanghai-listed shares up 45.1%

($1 = 7.8472 Hong Kong dollars)
($1 = 6.7031 Chinese yuan)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))