Estun Automation Cuts Yangzhou Shuguang Stake to 48%

MT Newswires Live

2025/06/23

Estun Automation (SHE:002747) is selling a 20% stake in Yangzhou Shuguang to its management team for 94 million yuan.

The move will reduce its stake in its industrial automation subsidiary to 48% from 68%. The deal, valuing the industrial automation firm at CNY468M, follows Estun's strategy to refocus on core industrial robotics.

Shares of the industrial automation products manufacturer rose 1% in recent trade.

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The deal, valuing the industrial automation firm at CNY468M, follows Estun's strategy to refocus on core industrial robotics.</p><p>Shares of the industrial automation products manufacturer rose 1% in recent trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0034224299.USD","symbol_name":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2545446791","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545446791","pubTimestamp":1750661495,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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