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FiberHome Telecommunication to raise $82.05 million in private placement
Jul 01, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
Fiberhome Telecommunication Technologies Co., Ltd., a China-based manufacturer of fiber communication equipment, is planning to raise CNY560 million ($82.05 million) through a private placement of common shares.
Deal Value (US$ Million) 82.05
Deal Type Private Placement
Sub-Category None
Deal Status Announced: 2009-06-30
Deal Participants
Target (Company) Fiberhome Telecommunication Technologies Co., Ltd.
Acquirer (Company) Undisclosed Investors
Deal Rationale
Fiberhome intends to use the proceeds from the placement to fund its ASON (Automatically Switched Optical Network) and FTTx (Fiber to the X) projects.
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