Depu Technology (03823.HK) signed a memorandum of understanding to sell the loss-affiliated subsidiary He Yue Company to streamline its business, focusing its focus and resources on SMD aluminum electrolytic capacitors and LED lighting products at a cost of up to RMB 160 million.
It is reported that He Yue Company is principally engaged in the manufacture and sale of aluminum electrolytic capacitors, and it is expected that the proceeds will be used first to reduce debt. The statement stressed that there is no guarantee of implementation.
It is reported that He Yue Company is principally engaged in the manufacture and sale of aluminum electrolytic capacitors, and it is expected that the proceeds will be used first to reduce debt. The statement stressed that there is no guarantee of implementation.
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