BOE Technology Raises Stake in Subsidiary Following Capital Reduction

MT Newswires Live

06-04

BOE Technology Group (SHE:000725) subsidiary Wuhan BOE Optoelectronics trimmed its registered capital to 21 billion yuan from 26 billion yuan.

Following the change, the electronic company's stake in the subsidiary climbed to 58.4% from 47.1%, according to a Wednesday filing with the Shenzhen bourse.

Shares of BOE Technology Group climbed 2% in recent trade.

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