State-owned Tangshan Caofeidian Investment Corporation is making a US$54.8 million investment in the fibre optics business of EMCORE, an American manufacturer of compound semiconductor-based products for the broadband, fibre optic, satellite and solar power markets.
The deal is one of the largest outbound investments made by a Chinese state-owned enterprise from Hebei province.
The full version of this story is available at www.chinalawandpractice.com.