Veson Holdings Limited (HK:1399) has released an update.
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Veson Holdings Limited has announced its exit from a joint venture in India by selling its entire stake in Prime Power Technology Co., a subsidiary focused on mobile phone battery services. The sale, valued at RMB2.25 million, aims to mitigate risks from geopolitical tensions and challenging market conditions in India. Proceeds from the sale will fund Veson’s working capital needs.
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