Abundance International to Dispose of Stake in Shanghai Sunrise Polymer Material; Shares Surge 21%
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Abundance International subsidiary, Abundance Investments, has agreed to dispose of its entire 12.74% stake in Shanghai Sunrise Polymer Material to Changzhou Ju Ke Emerging Industry Venture Capital Fund Partnership Enterprise. The consideration for the disposal amount to 62.4 million yuan, according to a filing with the Singapore Exchange on Thursday. Shares of the company surged over 21% in recent trading.
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