Yangtze Optical Fibre And Cable Transfers 6 Million Shares Under Stock Ownership Plan; Shares Rise 10%
MT Newswires Live
Aug 08
Yangtze Optical Fibre And Cable (HKG:6869, SHA:601869) completed the transfer of 6 million A shares under its employee share ownership plan to a designated account, according to a Thursday disclosure to the Hong Kong bourse.
Shares jumped 10% during late afternoon trading on Friday.
The 6 million shares, sold at 16.97 yuan apiece, represent 0.79% of the total share capital of the optical fibers and optical fiber preforms manufacturer.
Meanwhile, a supervisor subscribed for 1,146,069 units, equivalent to 67,535 A shares, at 16.97 yuan apiece, the filing said.
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