Ningbo Orient Wires & Cables to acquire 8.5% stake in UK's XLCC for £10M

Ningbo Orient Wires & Cables (Oriental Cable) will invest £10 million to acquire about 8.5% equity in UK-based XLCC Limited, a high-voltage direct current (HVDC) cable manufacturer. The two companies also signed a strategic cooperation agreement for HVDC cable design and manufacturing.

“宁波东方电缆股份有限公司本次拟通过境外直接投资的方式认购英国XLCC Limited公司约8.5%股权”epaper.cs.com.cn

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• epaper.cs.com.cn中国证券报 - 宁波东方电缆股份有限公司<BR/>关于拟投资境外XLCC Limited公司股权暨签署《战略合作及投资协议》的公告Jan 23, 2024

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