Baylin Tech (TSE:BYL) has released an update.
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Baylin Technologies Inc. has announced an agreement to sell its Mobile and Network unit to a Korean strategic acquirer, including the assumption of the business’s liabilities, with the transaction expected to conclude in the third quarter. The sale follows a strategic review and will enable Baylin to streamline its focus on its core segments in Embedded, Infrastructure, and Satellite Communications, areas which are experiencing strong growth. Baylin is known for its global presence in wireless technology and its commitment to innovation in RF products and satellite communication.
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