---
title: "DIWANG IND H priced at RMB 29.86 million to resell artificial leather subsidiary 24%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265375693.md"
description: "DIWANG IND H announced the second sale of a 24% stake in its artificial leather chemicals business subsidiary - Zhejiang Shenlan to independent third party BlueOcean Investment (Global) for a cash consideration of RMB 29.86 million. Upon completion, the company's shareholding in Zhejiang Shenlan will be reduced to 51%"
datetime: "2025-11-11T15:37:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265375693.md)
  - [en](https://longbridge.com/en/news/265375693.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265375693.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/265375693.md) | [繁體中文](https://longbridge.com/zh-HK/news/265375693.md)


# DIWANG IND H priced at RMB 29.86 million to resell artificial leather subsidiary 24%

DIWANG IND H (01950.HK) announced the second sale of a 24% stake in its artificial leather chemicals business subsidiary - Zhejiang Shenlan to an independent third party, BlueOcean Investment (Global), for a cash consideration of RMB 29.86 million. Upon completion, the company's shareholding in Zhejiang Shenlan will decrease to 51%

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