Hundsun Technologies (SHA:600570), along with a concerted party, disposed of part of its stake in financial software company Shenzhen Ysstech Info-Tech (SHE:300377) for 178.9 million yuan, according to a Shenzhen bourse filing on Friday.
The Chinese technology company and Tongyi Investment divested 8.1 million shares in Ysstech, bringing down their stake to 11.9% from almost 13%.
The transaction is expected to generate a pre-tax profit of about 122.7 million yuan for Hundsun.
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