BII Railway Sells 49% Stake in Metro Technology to Beijing Subway

BII Railway Transportation Technology Holdings Co., Ltd. ( (HK:1522) ) has shared an update.

BII Railway Transportation Technology Holdings Co., Ltd. has announced the disposal of its 49% equity interest in Metro Technology, a joint venture, through a public tender process. The successful bidder, Beijing Subway, will acquire the stake for RMB68,332,215, leading to BII Railway and its subsidiaries no longer holding any equity in Metro Technology. This transaction, classified as a discloseable transaction under the Listing Rules, reflects the company’s strategic decision to divest its interest in Metro Technology, potentially impacting its financial structure and market focus.

More about BII Railway Transportation Technology Holdings Co., Ltd.

BII Railway Transportation Technology Holdings Co., Ltd. operates in the railway transportation technology industry, focusing on providing advanced solutions and services for railway systems. The company engages in the development and implementation of technology for metro and railway operations, aiming to enhance efficiency and safety in urban transportation networks.

YTD Price Performance: 7.41%

Average Trading Volume: 1,367,615

Technical Sentiment Signal: Sell

Current Market Cap: HK$608.2M

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