New Focus Auto Tech Sells 10% Stake in Subsidiary for RMB100 Million
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New Focus Auto Tech Holdings Ltd. announced a transaction where Zhongrong Juxin will invest RMB100 million for a 10% stake in its subsidiary, New Focus Lighting & Power (Shanghai). Post-transaction, New Focus Auto Tech retains a 90% interest, keeping the subsidiary consolidated in its financial statements. The transaction was formalized on November 17, 2025.
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