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Advanced Fiber Resources to Acquire 99.97% of Anjiexun for RMB 1.64 Billion

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Following Sha Shuli's withdrawal from the transaction, Advanced Fiber Resources has adjusted its target to a 99.97% stake in Suzhou Anjiexun, with a transaction price of about RMB 1.6395 billion and an appraised value of about RMB 1.650 billion for all of Anjiexun's equity. The deal will be paid through share issuance, convertible bonds and cash, including cash consideration of about RMB 492 million.

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Latest updatesOct 15, 11:31
Following Sha Shuli's withdrawal from the transaction, Advanced Fiber Resources has adjusted its target to a 99.97% stake in Suzhou Anjiexun, with a transaction price of about RMB 1.6395 billion and an appraised value of about

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Oct 15
  1. C114 Communications Network · Optical CommunicationsPicks
    Advanced Fiber Resources Acquires 99.97% of Passive Optical Component Maker Anjiexun for RMB 1.64 Billion

    Following Sha Shuli's withdrawal from the transaction, Advanced Fiber Resources has adjusted its acquisition target to a 99.97% stake in Suzhou Anjiexun, at a transaction price of about RMB 1.6395 billion, against an appraised value of about RMB 1.650 billion for all of Anjiexun's equity. The deal will be paid through share issuance, convertible bonds and cash, with the cash consideration totaling about RMB 492 million.