T&S Communications to Invest Up to 50 Million Yuan in Establishing Optoelectronics Unit

MT Newswires Live08-17 15:55

T&S Communications (SHE:300570) plans to establish a wholly owned subsidiary in Shenzhen with up to 50 million yuan.

The tentatively named Shenzhen TCG Technology will focus on optoelectronic device manufacturing, processing, sales and related technical consulting, according to a weekend filing with the Shenzhen bourse.

Shares of the telecommunications company closed 20% higher Monday.

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