Dianguang Tech plans to sell 100% equity of Fengyu Company for 16.9 million yuan to optimize its asset structure
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According to the announcement from Dianguang Tech on the Zhitong Finance APP, the company plans to sell its wholly-owned subsidiary Wenzhou Dianguang Fengyu Electric Co., Ltd. (referred to as "Fengyu Company") to Yueqing Kaka Electric Co., Ltd. (referred to as "Kaka Electric") for 16.9 million yuan. It is reported that this matter is beneficial for reducing the company's management costs, optimizing the company's asset structure, and improving the efficiency of the company's capital and resource utilization
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