Yangtze Optical Fibre And Cable Joint Stock (06869) once rose over 8%, and as of the time of writing, it has increased by 5.16%, trading at 11.82 HKD, with a trading volume of 55.7337 million HKD.
According to the Zhito Finance APP, Yangtze Optical Fibre And Cable Joint Stock (06869) once rose over 8%, and as of the time of writing, it has increased by 5.16%, trading at 11.82 HKD, with a trading volume of 55.7337 million HKD.
In terms of news, Broadex Technologies announced that the company is planning a cash acquisition of minority shareholder equity in its holding subsidiary Changxinsheng (Wuhan) Technology Co., Ltd, which is expected not to constitute a significant asset restructuring. This matter is still being advanced, and there are uncertainties regarding this trade. It is reported that on April 8, 2022, Yangtze Optical Fibre and the optical communication device supplier Broadex Technologies respectively announced that Yangtze Optical Fibre signed an equity transfer agreement and a voting rights entrustment agreement with five shareholders of Broadex Technologies, and Yangtze Optical Fibre will acquire a total of 25.43% of the voting rights of Broadex Technologies, thus becoming its controlling shareholder and actual controller. Everbright pointed out that as Google, Broadcom, AWS, and Microsoft tend to network with self-developed ASICs and Ethernet architecture, the demand for active copper cables will experience significant growth, and the high growth trend is expected to last for at least 2-3 years.