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Putian Communication Group Limited ( (HK:1720) ) has shared an announcement.
Putian Communication Group Limited has entered into an agreement to dispose of a 51% equity interest in a subsidiary engaged in building smart products manufacturing, for RMB 3,004,800. This transaction allows the company to realize gains from an underperforming investment while maintaining a 49% interest, potentially benefiting if the subsidiary’s operations improve under new management.
More about Putian Communication Group Limited
Putian Communication Group Limited is a company incorporated in the Cayman Islands, primarily engaged in the manufacturing and sales of building smart products.
YTD Price Performance: 90.0%
Average Trading Volume: 5,632,226
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$125.4M
For a thorough assessment of 1720 stock, go to TipRanks’ Stock Analysis page.