Brief: Prysmian Unit Draka Sells 5.0% Of YOFC's Outstanding Equity Total Share Capital, To Divest Entire Share

Yangtze Optical Fibre and Cable Joint Stock Co

16/09/2025 12:30

Sept 16 (Reuters) - Prysmian SpA PRY.MI:

UNIT DRAKA ANNOUNCES SALE OF ALL REMAINING 37,595,257 SHARES OF YOFC, REPRESENTING AROUND 5.0% OF YOFC'S OUTSTANDING EQUITY TOTAL SHARE CAPITAL

GROSS CONSIDERATION TO DRAKA FROM PLACEMENT AMOUNTS TO AROUND HK$ 1.8 BILLION(EQUIVALENT TO AROUND EUR 193 MILLION)

UPON COMPLETION OF PLACEMENT, DRAKA WILL HAVE SUCCESSFULLY DIVESTED ITS ENTIRE STAKE IN YOFC

Further company coverage: PRY.MI

 (Gdansk Newsroom)

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