Brief: Yangtze Optical Fibre And Cable Says Lumentum Will Acquire Entire Stake Of Cloud Light

Yangtze Optical Fibre and Cable Joint Stock Co

01/11/2023 14:39

Nov 1 (Reuters) - Yangtze Optical Fibre and Cable Joint
Stock Ltd Co  6869.HK :
    * LUMENTUM WILL ACQUIRE ENTIRE EQUITY INTEREST OF CLOUD
LIGHT 
OPTOELECTRONICS THROUGH A MERGER
    * AGGREGATE CONSIDERATION PAYABLE BY LUMENTUM TO ACQUIRE
ENTIRE
EQUITY INTEREST OF CLOUD LIGHT IS US$750 MILLION
    * UNDER MERGER, UNIT WILL SELL AND DISPOSE ITS ENTIRE EQUITY
INTEREST IN CLOUD LIGHT AT A CONSIDERATION OF US$84 MILLION

Source text for Eikon:  ID:nHKS1jXJyN 
Further company coverage:  6869.HK 

 ((Reuters.Briefs@thomsonreuters.com;))