Haimo Technologies Group (SHE:300084) completed the offloading of its unit, Lanzhou Haimo Haishi Special Vehicle, after the latter changed its new business license, according to a Shenzhen bourse filing on Friday.
The Lanzhou Municipal Administration for Market Regulation handed down the new business license.
Haimo Haishi, which had incurred losses for the past three years, was sold to Lanzhou Fuhua Langyao Technology for 9 million yuan.
The oilfield equipment manufacturer's shares dropped less than 3% during the midday trade.
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