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YOFC agrees to buy Draka’s 25% stake in YOFC Shanghai for EUR 12 million

PUBT·07/30/2026 14:41:23
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YOFC agrees to buy Draka’s 25% stake in YOFC Shanghai for EUR 12 million
  • Yangtze Optical Fibre and Cable agreed to buy Draka Comteq’s 25% stake in YOFC Shanghai for EUR 12 million cash.
  • The deal lifts ownership from 75% to 100%, turning YOFC Shanghai into a wholly owned subsidiary with results consolidated into group accounts.
  • Price implies about a 6.3% premium to the stake’s share of YOFC Shanghai’s audited net assets of RMB 348.56 million as of Dec. 31, 2025.
  • YOFC Shanghai makes optical fiber and cable products; Draka is controlled by Prysmian.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Yangtze Optical Fibre and Cable Joint Stock Ltd. Company published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260730-12263086), on July 30, 2026, and is solely responsible for the information contained therein.