Maike Tube Industry Announces Subsidiary Sale and Agreement Renewals

Maike Tube Industry Holdings Limited (HK:1553) has released an update.

Maike Tube Industry Holdings Limited has announced a significant transaction involving the sale of its subsidiary, Maike Smart, for RMB45 million, which will impact its consolidated financial statements. Concurrently, the company has renewed its product supply and purchase agreements with the Meide Group for a further three years, ensuring continued business collaboration until 2027. These strategic moves reflect Maike Tube’s ongoing efforts to streamline operations and strengthen its market partnerships.

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