B · Normal
[Huali Group: Plans to invest no more than US$500 million in optical communications company O-Net Technologies] On November 10th, Huali Group (300979.SZ) announced that the company or its wholly-owned subsidiary plans to invest no more than US$500 million of its own funds in O-Net Technologies Group Limited and obtain no more than 25% of the equity of the target company. The target company is currently undergoing equity and organizational restructuring. After the reorganization is completed, the target company will become a global business holding platform, with its subsidiaries mainly engaged in the research, development, production and operation of optical communication products around the world.
Comments