Yangtze Optical Fibre and Cable Joint Stock Co ( (HK:6869) ) just unveiled an update.
Yangtze Optical Fibre and Cable Joint Stock Co announced the expiration of its Framework Agreement and the postponement of the Cutlite Acquisition due to unresolved terms. The company is proceeding with the acquisition of a 59.1837% equity interest in PLZ, with a price adjustment mechanism in place to address performance uncertainties in the volatile laser industry. This acquisition aims to create synergies in market expansion and technology development, supporting long-term growth despite short-term performance challenges.
More about Yangtze Optical Fibre and Cable Joint Stock Co
Yangtze Optical Fibre and Cable Joint Stock Co is a company based in the People’s Republic of China, primarily involved in the optical fiber and cable industry. It focuses on providing products and services related to telecommunications, electricity, and new energy vehicles.
YTD Price Performance: -3.05%
Technical Sentiment Signal: Strong Sell
Current Market Cap: $2.64B
See more data about 6869 stock on TipRanks’ Stock Analysis page.