Yangtze Optical Fibre and Cable Joint Stock Co ( (HK:6869) ) has issued an announcement.
Yangtze Optical Fibre and Cable Joint Stock Co has announced a proposed acquisition of a 59.1837% equity interest in PLZ, making PLZ a non-wholly-owned subsidiary. This acquisition, valued at RMB239,959,832, is expected to consolidate PLZ’s financial results into the company’s statements, potentially enhancing its market position and operational capabilities.
More about Yangtze Optical Fibre and Cable Joint Stock Co
Yangtze Optical Fibre and Cable Joint Stock Co is a company incorporated in the People’s Republic of China, primarily involved in the optical fiber and cable industry. The company focuses on expanding its market presence through strategic acquisitions and partnerships.
YTD Price Performance: -3.05%
Technical Sentiment Signal: Sell
Current Market Cap: $2.65B
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