Brief: Prysmian Announces Sale Of Around 5.0% Stake In YOFC For Around HK$733 Mln

Yangtze Optical Fibre and Cable Joint Stock Co

24/07/2025 11:31

July 24 (Reuters) - Prysmian SpA PRY.MI:

SELLS 37,595,255 H SHARES OF YOFC, REPRESENTING AROUND 5.0% OF YOFC'S OUTSTANDING EQUITY TOTAL SHARE CAPITAL

UNIT DRAKA COMTEQ ENTERED INTO PLACING AGREEMENT FOR THE SALE AT PRICE OF HK$19.50PER SHARE, GROSS CONSIDERATION IS AROUND HK$733 MILLION

UPON COMPLETION, DRAKA TO REDUCE STAKE IN YOFC TO AROUND 10%

SELLING SHAREHOLDER AGREED TO 60-DAY LOCK-UP PERIOD WITH RESPECT TO ANY REMAINING EQUITY H SHARES IT WILL HOLD FOLLOWING PLACEMENT

Further company coverage: PRY.MI

 (Gdansk Newsroom)

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