YOFC has announced a €12 million (approx. RMB 92.6 million) deal to acquire the remaining 25% stake in its Shanghai-based subsidiary from Draka Comteq B.V., according to a regulatory filing.
Once completed, the transaction will give YOFC full ownership of the unit and allow it to consolidate the subsidiary's financials into the group's accounts.
Draka, which holds H-shares in YOFC and is a substantial shareholder, makes the purchase a connected transaction under listing rules.
The filing shows that YOFC Shanghai posted 2025 revenue of RMB719 million and net profit of RMB4.85 million, with total assets of RMB557 million and net assets of RMB349 million.
The Shanghai unit manufactures optical fibre, cable and related component materials – a business that YOFC says fits closely with its optical communications product segment. The buyout is expected to help the company better integrate upstream and downstream capacity and resources, reinforcing sustainable growth in its core business.