Suzhou TFC Optical Communication's Singapore JV Receives Registration Certificate; Shares Fall 4%

MT Newswires07-01

Authorities in Singapore received the registration certificate filed by SuperXOptical Communication, the joint venture set up by Suzhou TFC Optical Communication's (SHE:300394) subsidiary TFC Technology (SG), according to a Tuesday after-market filing with the Shenzhen bourse.

TFC Technology (SG) invested SG$700,000, equivalent to a 35% stake, while SuperX invested SG$900,000, equivalent to 45%, and ApexVerve invested SG$400,000, or 20%.

Shares fell 4% during morning trading on Wednesday.

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