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.
Yangtze Optical Fibre And CableLimited Company
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6869
CNE100001T72
Communications & Networking
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- Yangtze Optical Fibre And Cable Joint Stock Limited Company 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 for approximately CNY 180 million.