$CHINAINFORMA

Fiberhome Telecom Unit Gets 200-Million-Yuan Boost from Parent

Fiberhome Telecommunication Technologies (SHA:600498) said indirect controlling shareholder China Information and Communication Technologies will inject 200 million yuan into its marine subsidiary FiberHome Marine, subscribing to 154.8 million yuan in new registered capital.The company waived its pre-emptive rights, reducing its stake to 62.97% from 81.95%, according to a Tuesday filing with the Shanghai bourse.The move aims to bolster FiberHome Marine's research and development capabilities in submarine cable systems amid growing demand for offshore energy and communications infrastructure.Shares of the telecom equipment company rose 1% in recent trade.