Gotion High-tech (SHE:002074) subsidiary Hefei Gotion sold 8.4 million shares of Tongguan Copper Foil for 829.2 million yuan through open market transactions in the first half.
The sale, representing a reduction in Hefei Gotion's stake to 1.27%, aims to improve asset liquidity and meet capital needs for business development, according to a weekend filing with the Shenzhen bourse.
Shares of the battery maker were down 1% in recent trade.
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