Zhejiang Hailide New Material (SHE:002206) completed the deregistration of its wholly-owned home goods and materials unit Hailide Home Technology Shanghai.
The move aims to streamline operations and reduce management costs, according to a Wednesday filing with the Shenzhen bourse.
Shares of the textile products manufacturer closed 2% higher Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments