Yangtze Optical Fibre and Cable Joint Stock Limited Company (06869.HK): Proposed Acquisition of 25% Equity Stake in Yangtze Optical Shanghai at Consideration of EUR 12 Million

NewTimeSpace News: On 30 July 2026, Yangtze Optical Fibre and Cable Joint Stock Limited Company (06869.HK) issued an announcement. The Company signed an equity transfer agreement with Draka Comteq B.V., planning to purchase a 25% equity interest in Yangtze Optical Shanghai for EUR 12 million. Upon completion of the acquisition, the Company will hold 100% equity in Yangtze Optical Shanghai, whose financial results will be consolidated into the Group’s consolidated financial statements.

Yangtze Optical Shanghai is principally engaged in the production and sales of optical fibres, optical cables and related components and materials. Yangtze Optical Fibre and Cable stated that the acquisition will facilitate the integration of upstream and downstream production capacity resources in the industry, meet market demand and support the sustainable growth of core business.

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