Yangtze Optical Fibre And Cable Joint Stock Limited Company (SEHK:6869) signed an Equity Transfer Agreement to acquire an additional 49% stake in Jiangsu Changfei Zhongli Optical Fibers And Cables Co., Ltd. from Jiangsu Zhongli Group Co.,Ltd (SZSE:002309) for approximately CNY 180 million recently. As part of the transaction, Yangtze Optical Fibre will increase its stake from 48% to 97% stake in Jiangsu Changfei Zhongli. As of September 30, 2021, Jiangsu Changfei Zhongli reported Total Assets of CNY 563.5 million and Net assets of CNY 284.7 million.