Rubber Leaf Inc. Sells PRC Subsidiary for $3 Million
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Rubber Leaf Inc. has sold its PRC subsidiary, Rubber Leaf Sealing Products (Zhejiang) Co., Ltd., to Shanghai Yongliansen Import and Export Trading Co., Ltd. for $3 million. The company's main operations will continue through its Hong Kong subsidiary, Rubber Leaf Limited. The restructuring is not expected to materially impact its financial results.
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