Sun Cable (002300.SZ) plans to sell part of its business-related assets to Sun High-Tech.

News from the Zhitong Finance APP, Sun Cable (002300.SZ) announced that, for the operational needs of Fujian Nanping Sun Cable High-tech Materials Co., Ltd. (referred to as "Sun High-tech"), the company intends to sell its assets related to the production and operation of Sun High-tech, including machinery and equipment, vehicles, and electronic (other) equipment, to Sun High-tech. This transaction is aimed at meeting the production and operation needs of Sun High-tech, and will contribute to the long-term development of Sun High-tech. After the approval procedures by the parties involved in the transaction, a sales contract will be signed, with the total transfer price being 19.2922 million yuan (including tax). This transaction will help the company revitalize its existing assets and optimize resource allocation.