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Fujikura Signs Share Purchase Deal to Sell 60% Stake in Chinese JV

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Fujikura (TYO:5803) said it signed a share purchase agreement to sell its entire 60% equity interest in its China-based joint venture, Fujikura FiberHome Opto-Electronics Material Technology Co., to FiberHome Telecommunication Technologies for 11.96 billion yen.

The company said that the transaction includes its 40% direct holding in the company and 20% stake held through its wholly owned subsidiary, Fujikura (China) Co., according to a Tokyo bourse filing on Friday.

The transaction is planned to be concluded by late September.

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