Hengtong Optic-electric Intends To Build a Fiber Optic Cable Factory In India

Hengtong Optic-electric (41.300, 0, 0%) made an announcement on 4^th evening. The company intends to cooperate with wholly owned subsidiary of Aberdare Europe Holdings Limited in India to jointly invest in the construction of fiber optic cable factory. The new company has registered capital of 20 million USD, for which Hengtong Optic-electric has invested 1 million USD currency, accounting for 5% of the new company funded ratio. Aberdare European invested currency of 19 million USD, accounting for 95% of the new company’s proportion.