Haimo Technologies to Offload Three Subsidiaries for 370 Million Yuan

MT Newswires Live12-10

Haimo Technologies Group (SHE:300084) plans to offload three subsidiaries to Xi'an Elite Optoelectronic Technology for 370 million yuan, according to a Shenzhen bourse filing on Wednesday.

The company will dispose of 99.33% of Xi'an Sitan Instruments, as well as 100% of Xi'an Sitan Software Technology, and Xi'an Sitan Oil & Gas Engineering Services.

The Chinese oilfield equipment manufacturer's shares rose less than 2% at the close.

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