Nanjing Panda Electronics Announces Plan to Tender 27% Stake in ENC Through Public Auction

Reuters06-19

Nanjing Panda Electronics Announces Plan to Tender 27% Stake in ENC Through Public Auction

Nanjing Panda Electronics Company Ltd. has announced a proposed disposal of its 27% equity interest in Nanjing Ericsson Panda Communication Co., Ltd. (ENC) through a public tender. The transaction will be conducted via the Shanghai United Assets and Equity Exchange (SUAEE), with an additional 22% equity interest in ENC being offered by other ENC vendors, totaling a 49% equity interest available for sale. The decision, resolved by the Board on June 19, 2025, aims to attract bids from potential investors. The final bid price will determine the total consideration for the disposal.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nanjing Panda Electronics Company Ltd. published the original content used to generate this news brief on June 19, 2025, and is solely responsible for the information contained therein.

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