Estun Automation Co., Ltd. (002747.SZ) announced that its subsidiary, Nanjing Dingkong Electromechanical Technology Co., Ltd. (referred to as "Dingkong Electromechanical"), plans to transfer its 48% stake in Yangzhou Shuguang Photoelectric Control Co., Ltd. (referred to as "Yangzhou Shuguang") to Wuxi Xinhongye Cable Technology Co., Ltd. (referred to as "Xinhongye") for a transaction price of 245 million yuan. This transaction is beneficial for optimizing the company's resource allocation and industrial layout, allowing the company to focus more on its current core business and target market.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments