Updated:2012/2/9 12:21
Shares of Fiberhome Telecommunication Technologies (600498), Accelink Technologies (002281) and Wuhan Yangtze Communication Industry Group (600345), three Wuhan-based makers of communications equipment, suspended share trading simultaneously, reports Shanghai Securities News.
According to Yangtze Comunication, effective controller, Wuhan State owned Assets Supervision and Administration Commission, is drafting a share transfer plan.
Fiberhome Technologies said its effective controller is planning a major event.
According to the report, FiberHome Technologies Group, the controlling shareholder of Fiberhome Telecommunication Technologies and Accelink Technologies, will acquire all the shares of Yangtze Communication Industry Group from Wuhan SASAC.
An insider from the Hubei SASAC said the current plan is to merge Fiberhome Telecommunication Technologies with Yangtze Communication, and the details have not been fixed.
According to an analyst covering Fiberhome Telecommunication, Wuhan Youdian Science Research Institute may acquire the optical telecoms assets of Yangtze Communication.
Yangtze Communication has a 25 percent interest in Yangtze Optical Fiber and Cable, a leading producer of fiber and cables which earned 2010 net profit of 314 million yuan on revenue of four billion yuan.
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