Hunan Development Discloses Dissolution of 40%-Owned Associate Company

MT Newswires Live09-09

Hunan Development (SHE:000722) said 40%-owned Kaiyuan Development has been dissolved.

All funds under Kaiyuan Development's management have now fully exited, according to a Tuesday filing with the Shenzhen bourse.

Guokai Financial held the remaining 60% stake in Kaiyuan Development.

Shares of the electrical and electronic manufacturing company closed 4% higher Tuesday.

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