news flash·2025-07-21 08:56Core Viewpoint - The company, Tongguang Cable (300265), has established a joint venture with Yangtze Optical Fibre and Cable Joint Stock Limited Company (601869) with a total investment of 600 million RMB [1] Group 1: Joint Venture Details - The registered capital of the joint venture, Jiangsu Tongfei Technology Co., Ltd., is 600 million RMB, with Tongguang Cable contributing 339 million RMB, accounting for 56.5% of the capital [1] - Yangtze Optical Fibre will contribute 261 million RMB, representing 43.5% of the registered capital [1] Group 2: Regulatory Approval - The company has received a non-prohibition decision from the State Administration for Market Regulation regarding the establishment of the joint venture, allowing the company to proceed with the concentration [1]