FiberHome Telecommunication to raise $82.05 million in private placement
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[July 01, 2009]

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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