SHEEN TAI plans to sell 100% equity interest in Jiangsu Jingerrun Technology for RMB 50 million
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SHEEN TAI plans to sell 100% equity interest in Jiangsu Jingerrun Technology Co., Ltd., a wholly-owned subsidiary of Leading Feiyu Technology (Shenzhen) Co., Ltd., for RMB 50 million. The buyer is Huai'an Daxing Internet of Things Technology Co., Ltd. This decision is based on the financial performance and market prospects evaluation of the target company. The board of directors believes that the sale can improve cash flow and liquidity position for future development and resource reallocation
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