18 February 2010

Phil Taylor - ALP

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.

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