LB Group (SHE:002601) plans to dispose of its 98.5% equity in Baillie Union Financial Leasing (Guangzhou) for a total of 314.8 million yuan, according to a Shenzhen bourse filing on Tuesday.
Jiaozuo Dingjie Electromechanical Installation will acquire the stake, which is held by the company and two of its subsidiaries.
The titanium dioxide pigment producer's shares rose over 1% at the close.
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