ESTUN AUTOMATION's subsidiary plans to sell its equity stake in Yangzhou Shuguang
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ESTUN AUTOMATION and its holding subsidiary Nanjing Dingkong Electromechanical Technology Co., Ltd. signed a transaction framework agreement with Wuxi XINHONGYE Cable Technology Co., Ltd. and Shuguang Lanfengqi (Nanjing) Technology Partnership to transfer 48% and 14% equity in Yangzhou Shuguang Photoelectric Automation Co., Ltd. to XINHONGYE. After the transaction is completed, Dingkong Electromechanical will no longer hold equity in Yangzhou Shuguang. This transaction helps optimize resource allocation and industrial layout, focusing on core business and target markets
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