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Fiberhome Telecommunication Technologies Co Ltd announces restructuring of subsidiaries


Tuesday, 17 Dec 2013 07:00pm EST 

Fiberhome Telecommunication Technologies Co Ltd:Says it will inject 147,386,500 yuan in a sub-subsidiary, which is a wholly owned subsidiary of the company's subsidiary (Subsidiary A).Says Subsidiary A will inject 133,402,300 yuan in the sub-subsidiary.Says the company and Subsidiary A will hold 49 pct and 51 pct stakes in the sub-subsidiary.Says the company will use the 49 pct stake in the sub-subsidiary to exchange with a 49 pct stake in Subsidiary A, which is held by two other companies (Company B and Company C).Says the company will hold a 100 pct stake in Subsidiary A and a 51 pct stake in the sub-subsidiary.Says Company B will hold a 42.27 pct stake in the sub-subsidiary.Says Company C will hold a 6.73 pct stake in the sub-subsidiary.