SMIT's subsidiary sells 16% equity of S2C Shanghai
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SMIT announced the signing of a share transfer agreement with Zhongwan Private Equity Fund Management Co., Ltd., to sell its subsidiary S2C Holding's 16% equity in S2C Shanghai for a transaction amount of 212 million RMB. This move will provide strategic guidance and industry expertise to S2C Shanghai, supporting the continued growth of its high-tech R&D business, while the company will gain significant returns from its early investment and retain a substantial equity stake to participate in its long-term development
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