Advanced Fiber Resources to acquire Suzhou Agile Optoelectronic

Advanced Fiber Resources (Zhuhai) will acquire 100% equity in Suzhou Agile Optoelectronic Technology from six counterparties through stock issuance, convertible bonds and cash payments.

The proposed share issuance price is 37.45 yuan per share, not less than 80% of the average stock price over 60 trading days prior to the pricing reference date.

The company also plans to raise funds through private placement to up to 35 investors to cover the cash portion and transaction costs.