ST Dvision's subsidiary Dvision Ronghui plans to sell a 64% stake in Zhongshi Huasheng
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ST Dvision's subsidiary Dvision Ronghui intends to sell its 64% equity stake in Zhongshi Huasheng to Shenzhen Shilijia Technology Co., Ltd. for a transaction price of 5.45 million yuan. After this equity transfer, Dvision Ronghui will no longer hold any equity in Zhongshi Huasheng. Zhongshi Huasheng focuses on IT system development and data analysis services in the broadcasting and television regulatory industry, but due to declining investment capacity and the loss of core employees, its business development has been hindered, leading to the decision to sell the equity to promote better development for both parties
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