Brief: Prysmian Unit Draka Comteq Sells About 3.7% Of Yangtze Optical Fibre And Cable's Total Share Capital

Yangtze Optical Fibre and Cable Joint Stock Co

14/04/2025 13:28

April 14 (Reuters) - Prysmian SpA PRY.MI:

SELLS 28,246,771 H SHARES IN YANGTZE OPTICAL FIBRE AND CABLE AT PRICE OF HK$ 12.40 PER SHARE

SHARES REPRESENTS ABOUT 3.7% OF YANGTZE OPTICAL FIBRE AND CABLE TOTAL SHARE CAPITAL

UPON COMPLETION OF PLACEMENT, DRAKA TO REDUCE STAKE TO AROUND 20.0% FROM PREVIOUS 23.7%

PLACEMENT AIMED AT INCREASING COMPANY'S FREE FLOAT, ATTRACTING NEW INVESTORS IN THE SHARE CAPITAL

DRAKA COMTEQ IS PRYSMIAN'S FULLY OWNED SUBSIDIARY

Further company coverage: PRY.MI

 (Gdansk Newsroom)

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