3 stories mentioning HKG:9963Updated 18d ago
Every FINWIRES story that references HKG:9963, newest first.
Transtech Optelecom Science (HKG:9963) unit Transtech (Hong Kong) Investment completed the acquisition of Hao Min Investment Holding on Tuesday.Through the purchase, the optical fiber cables maker indirectly holds 51% interest in Futong Optoelectronic Technology (Hangzhou).The parties had agreed on the acquisition of a stake in Chinese optical fiber manufacturer Futong Optoelectronics in April.
Transtech Optelecom Science (HKG:9963) renewed a one-year license agreement to occupy its Hong Kong production premises with Futong Group International, a company owned by its controlling shareholder, according to a Tuesday Hong Kong bourse filing.The renewed agreement covers premises at Tai Po Industrial Estate and runs from July 1, 2026, to June 30, 2027.The license fee is set at HK$5.12 per square foot per month for about 161,997 square feet of space, with forecast license payments capped at HK$4.98 million for the second half of 2026 and the first half of 2027.The company said relocating its production lines would incur substantial costs and disrupt operations, making it commercially preferable to renew the license.
Transtech Optelecom Science (HKG:9963) said it agreed to acquire a controlling stake in Chinese optical fiber manufacturer Futong Optoelectronics Technology (Hangzhou), according to a Hong Kong bourse filing Monday.Shares of the optical fiber cables maker gained 3% in morning trade Tuesday.Under the agreement, the firm will acquire 51% of Futong Optoelectronics via the issue of 78 million yuan worth of shares at HK$1.85 apiece.The 48.4 million shares to be issued represent 13.92% of the company's enlarged share capital.The company simultaneously entered a three-year sales agreement with Futong Optoelectronics to continue purchasing optical fibers with annual caps of 140 million yuan, 166 million yuan, and 169 million yuan until Dec. 31, 2028.
