Estun Automation's subsidiary intends to sell 48% equity in Yangzhou Shuguang to focus on its main business.
Eastone (002747.SZ) announced that its controlling subsidiary Nanjing Dingkong Electrical and Mechanical Technology Co., Ltd. (referred to as "Ding...
Estun Automation (002747.SZ) announced that its holding subsidiary, Nanjing Dingkong Electromechanical Technology Co., Ltd. (referred to as "Dingkong Electromechanical"), plans to transfer 48% equity interest in Yangzhou Shuguang Optoelectronic Automation Co., Ltd. (referred to as "Yangzhou Shuguang") to Wuxi Xinhongye Wire & Cable Technology Co., Ltd. (referred to as "Wuxi Xinhongye Wire & Cable") for a transaction price of 245 million yuan. This transaction is beneficial for optimizing the company's resource allocation and industrial layout, allowing the company to focus more on its core business and target market.
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