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Schoenherr Advises Fiberhome on Hungarian Business Setup and Industrial Site Acquisition

Schoenherr Advises Fiberhome on Hungarian Business Setup and Industrial Site Acquisition

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Schoenherr has advised Chengdu Datang Communication Cable on the establishment of its Hungarian subsidiary, Zettanet Kft., and the acquisition of a 25,000-square-meter industrial site in Kisber from Sumitomo Electric Wiring Systems Limited. Sole practitioner Zsolt Fuesthy advised the sellers.

Chengdu Datang Communication Cable is a member of the Fiberhome Group. Fiberhome is listed on the Shanghai Stock Exchange and is a producer of optical cables.

Sumitomo Electric Wiring Systems Limited is a European-based company of the Japanese Sumitomo Group.

The Schoenherr team included Partners Kinga Hetenyi and Laszlo Krupl, Attorney at Law Adrian Menczelesz, and Associates Noemi Suller and Viktoria Magyar.