Sandhar Technologies (NSE:SANDHAR, BOM:541163) has signed share purchase agreements with its Korean JV partner, Kwangsung, to sell its entire stakes in two joint ventures - Kwangsung Sandhar Technologies and Kwangsung Sandhar Automotive Systems, according to a Thursday filing on the Indian bourses.
The company received 100.8 million Indian rupees for its 50% stake in Kwangsung Sandhar Technologies and 9.9 million rupees for its 4.5% direct stake in Kwangsung Sandhar Automotive.
Sandhar said the divestment is part of its strategy to streamline operations and focus on core business areas for long-term growth and efficiency.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。