Haier Smart Home (06690.HK) saw its stock price surge by 5.10% in pre-market trading on Friday, following an announcement that its subsidiary, Haier Industrial Development, has agreed to sell 100% of Haiyunlian's equity interest.

The transaction, valued at RMB68.3 million (approximately USD9.5 million), marks a significant move for the Chinese home appliance and smart home solution provider. Haiyunlian, the company being sold, is presumably a subsidiary or affiliated entity of Haier Industrial Development, though specific details about its operations were not provided in the initial announcement.

Investors appear to have reacted positively to this news, likely viewing the sale as a strategic move to streamline operations or potentially realize gains from the divestment. The market's enthusiastic response suggests that shareholders may be anticipating that the proceeds from this sale could be used to fund growth initiatives or improve the company's financial position. As more details emerge about the transaction and Haier Smart Home's plans for the proceeds, it may provide further insights into the company's strategic direction and financial outlook.