Advanced Fiber Resources, Ltd. acquired VLINK Optics Corporation from Zhang Hua and He Zaixin for approximately CNY 150 million.
September 24, 2018
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Advanced Fiber Resources (Zhuhai), Ltd. (SZSE:300620) agreed to acquire VLINK Optics Corporation from Zhang Hua and He Zaixin for approximately CNY 150 million on September 21, 2018. Advanced Fiber Resources will pay CNY 87 million to Zhang Hua for 60% stake and CNY 58 million to He Zaixin for 40% stake of VLINK Optics. Advanced Fiber Resources will use own fund to acquire VLINK Optics. Upon completion, VLINK Optics will become a wholly owned subsidiary of Advanced Fiber Resources. For the December 31, 2017, VLINK Optics Corporation reported revenue of CNY 43.4 million, operating profit of CNY 10.2 million net profit of CNY 9 million, total assets of CNY29.5 million and net assets of CNY 19.5 million. Post completion, VLINK Optics will keep original management organization and key technology team, marketing strategy, operation location and contact windows. The transaction has been approved at 6th session of the 2nd directorate meeting of Advanced Fiber Resources. This transaction does not need to be submitted for review at the shareholders meeting of Advanced Fiber Resources.
Advanced Fiber Resources (Zhuhai), Ltd. (SZSE:300620) completed the acquisition of VLINK Optics Corporation from Zhang Hua and He Zaixin on September 25, 2018.
Advanced Fiber Resources (Zhuhai) ., Ltd is a China-based company principally engaged in the design, research, development, manufacturing, sales and services of high power optical components. The Company operates through three main segments. The Fiber Laser Components segment is mainly engaged in the manufacturing and sales of isolators, pump combiners, beam splitters and couplers. The Optical Network Components segment is mainly involved in the manufacturing and sales of isolators, wavelength division multiplexers, beam splitters and couplers. The Other Components segment is primarily involved in the manufacturing and sales of other test equipments.
ADVANCED FIBER RESOURCES (ZHUHAI), LTD. 
