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CCSC Shares Plummet 48.7% After $7M Follow-On Offering Sparks Warrant Surge

NASDAQ

CCTG

October 9, 2025 | 3:33pm
CCSC TECHNOLOGY INTL HLDGS LTD
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As of October 9, 2025 3:33pm

CCSC Technology International Holdings Ltd: Company Overview

CCSC Technology International Holdings Ltd, incorporated in the Cayman Islands, operates through subsidiaries in Hong Kong, mainland China, and the Netherlands. Since its founding in 1993, the group has specialized in the design, manufacturing, and sale of interconnect products—including connectors, cable assemblies, and wire harnesses—serving more than 30 countries across Asia, Europe, and the Americas. The company’s headquarters and principal manufacturing facilities are based in Hong Kong and Dongguan, China, where it holds certifications including ISO 9001, ISO 14001, IATF 16949, ISO 45001, and ISO 13485, along with compliance to RoHS, REACH, and IPC standards.

Corporate Structure and Workforce

As a holding company with no direct manufacturing operations, CCSC conducts all principal activities through its operating subsidiaries. CEO Kung Lok Chiu leads a management team supported by approximately 263 employees (as of 2025). The workforce encompasses technical design, procurement, prototyping, production, and global logistics functions. This structure enables a High Mix/Low Volume production strategy, allowing adjustments to customer demand across industries such as automotive, healthcare, data transmission, and green energy.

Interconnect products

Interconnect products by Stephen Tauro

Developments and News

  • October 2, 2025: CCSC closed a follow-on public offering of 11,766,627 Class A ordinary shares and 23,533,254 warrants at a combined price of USD 0.60 per share. Warrants carry a five-year exercise term at USD 0.72 each.
  • October 3, 2025: The company filed Form 6-K with the U.S. SEC, detailing the use of proceeds for marketing initiatives in Europe and the Association of Southeast Asian Nations (ASEAN), strategic acquisitions, and general corporate purposes. A six-month lock-up provision restricts further share issuances in that period.
  • September 30, 2025: The SEC declared effective CCSC’s Form F-1 registration, clearing the way for the secondary offering.
  • October 9, 2025: Shares (Nasdaq: CCTG) closed at USD 1.20, down 48.72% on a volume of 3,173,521, following increased warrant activity and adjustment to the new share count.

Financial and Strategic Analysis

MetricValue
Share price (2025-10-09 close)USD 1.20
Daily change–48.72%
Volume (2025-10-09)3,173,521 shares
Market capitalization (approx.)USD 28.0 million
Price-Earnings ratio–150.0
52-Week rangeUSD 0.88 – USD 3.17
Average daily volume971,360 shares

The recently closed offering is expected to generate net proceeds of approximately USD 7.06 million. Management intends to allocate these funds to support branding and marketing in key international markets and to pursue targeted acquisitions. Notable governance considerations include a “controlled company” status, with Dr. Chi Sing Chiu holding nearly 98.72% of voting power, and exposure to regulatory developments in China affecting overseas listings. The six-month lock-up provision may limit capital flexibility until April 2026.

Market Position and Industry Context

CCSC occupies a niche in the global interconnect market, providing OEM and ODM solutions for cable and connector assemblies. Its diversified customer base spans more than 30 countries and over 50 industry segments. The company’s certifications and ability to rapidly ramp up production position it to meet sector-specific quality and turnaround requirements. Industry peers range from large electronics manufacturers to specialized cable houses, with competition driven by technological innovation, cost efficiencies, and supply chain resilience.

tl;dr

On October 2, 2025, CCSC closed a USD 7.06 million follow-on offering at USD 0.60 per share. The offering proceeds will fund marketing in Europe and ASEAN, strategic acquisitions, and general corporate needs, subject to a six-month lock-up. Shares declined 48.72% to USD 1.20 on October 9, 2025, amid increased warrant activity and share dilution. Investors will monitor the marketing rollout in key regions and any regulatory developments in China through early 2026.

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