Ferrotec(An Hui)Technology Development Co.,Ltd. (301297.SZ) announced that its board of directors has approved a proposal to sell partial equity in an invested company. Jiangsu Fulhua Semiconductor Technology Co., Ltd. ("Fulhua") intends to transfer 4.1007 million shares in Wuxi Haigude New Technology Co., Ltd. ("Haigude") for a total consideration of RMB 69.9989 million. Post-transaction, Fulhua will retain 8.88491 million shares in Haigude, representing an 8.80% stake. The company stated the divestment aims to optimize asset allocation, improve capital efficiency, and enhance operational performance. This equity disposal is expected to generate approximately RMB 180 million in investment gains.
Comments