ORG Technology's (SHE:002701) subsidiary, Benepack Hong Kong, plans to sell 80% of Benepack Belgium, according to a Shenzhen bourse filing on Thursday.
The stake has a base consideration of 110.4 million euros, but the final transaction price is yet to be determined.
Rexam will be the buyer of the two-piece metal can manufacturer, the Chinese metal can manufacturer said.