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An announcement from Nanjing Panda Electronics Company ( (HK:0553) ) is now available.
Nanjing Panda Electronics Company announced the completion of a major transaction involving the sale of its 49% equity interest in ENC to Ericsson for RMB465 million. This transaction marks the company’s exit from ENC, as it and other Chinese shareholders no longer hold any equity interest, potentially impacting its strategic positioning and stakeholder interests.
More about Nanjing Panda Electronics Company
Nanjing Panda Electronics Company operates in the electronics industry, focusing on the development and manufacturing of electronic products. The company is known for its involvement in various electronic sectors, including telecommunications and consumer electronics.
Average Trading Volume: 27,838,497
Current Market Cap: HK$10.15B
Learn more about 0553 stock on TipRanks’ Stock Analysis page.