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Nanjing Panda Electronics Company ( (HK:0553) ) has provided an announcement.
Nanjing Panda Electronics Company announced the successful sale of its 27% equity interest in ENC through a public tender process. Ericsson (China) emerged as the successful bidder, acquiring a 49% stake in ENC for RMB465 million. This transaction is part of a major disposal strategy by Nanjing Panda Electronics, potentially impacting its financial position and market strategy. The completion of this transaction will be further updated by the company.
More about Nanjing Panda Electronics Company
Average Trading Volume: 36,534,593
Current Market Cap: HK$9.31B
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