Shenzhen Gongjin Electronics (SHA:603118) plans to divest its entire holdings in its computer software development subsidiary, Shandong Wenyuan Communication Technology, according to a Shanghai bourse filing on Friday.
The proposed sale will undergo a pre-listing on the Shenzhen United Property and Equity Exchange.
The broadband terminal equipment manufacturer's shares jumped 10% at the close.
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