InnoTek to Dispose of Entire Stake in Hua Yuan Sheng Industrial

MT Newswires

2025/10/01

InnoTek's (SGX:M14) subsidiary, Mansfield Manufacturing, agreed to dispose of its entire 70% stake in Hua Yuan Sheng Industrial to HuaYuanSheng Metal, Plastic and Electronic for $500,000, according to a Tuesday filing with the Singapore Exchange.

Shares of the company were down over 1% in Wednesday trading.

The subsidiary had been incurring losses recently and was facing a decline in export orders.

The disposal allows the company to strengthen its balance sheet and improve liquidity.

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