Datang Telecom Technology to Sell Stake in Three Entities to Parent for 99 Million Yuan

MT Newswires Live

Sep 12, 2024

Datang Telecom Technology (SHA:600198) will divest a significant portion of its holdings in three entities to controlling shareholder China Information and Communications Technology Group for a total of 98.5 million yuan, according to a Thursday filing on the Shanghai Stock Exchange.

The transaction includes the Chinese telecommunications equipment manufacturer's 37.2% stake in Guoxing Network, 40% in Nanjing Yunke Equity Investment Fund Management and 20% of its property share in Beijing Yunke Innovation Investment Partnership (Limited Partnership).

Datang Telecom's shares jumped more than 4% at the close of trading on Thursday.

Price (RMB): Â¥5.28, Change: Â¥+0.21, Percent Change: +4.14%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2466285902"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2466285902\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2466285902?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-12 16:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2466285902","market":"sh","top_or_hot":-1,"title":"Datang Telecom Technology to Sell Stake in Three Entities to Parent for 99 Million Yuan","media":"MT Newswires Live","content":"<html><body><p>Datang Telecom Technology to Sell Stake in Three Entities to Parent for 99 Million Yuan</p><p> Datang Telecom Technology (SHA:600198) will divest a significant portion of its holdings in three entities to controlling shareholder China Information and Communications Technology Group for a total of 98.5 million yuan, according to a Thursday filing on the Shanghai Stock Exchange.</p><p>The transaction includes the Chinese telecommunications equipment manufacturer's 37.2% stake in Guoxing Network, 40% in Nanjing Yunke Equity Investment Fund Management and 20% of its property share in Beijing Yunke Innovation Investment Partnership (Limited Partnership).</p><p>Datang Telecom's shares jumped more than 4% at the close of trading on Thursday.</p><p>Price (RMB): Â¥5.28, Change: Â¥+0.21, Percent Change: +4.14%</p></body></html>","source":"mtnewswires_live","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Datang Telecom Technology to Sell Stake in Three Entities to Parent for 99 Million Yuan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDatang Telecom Technology to Sell Stake in Three Entities to Parent for 99 Million Yuan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-12 16:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Datang Telecom Technology to Sell Stake in Three Entities to Parent for 99 Million Yuan Datang Telecom Technology (SHA:600198) will divest a significant portion of its holdings in three entities to ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"600198","symbol_name":"大唐电信","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2466285902","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466285902","pubTimestamp":1726130282,"columns":[],"sourceInfo":{"source_id":"mtnewswires_live","name":"MT Newswires Live"},"weMediaInfo":null,"summary":"Datang Telecom Technology to Sell Stake in Three Entities to Parent for 99 Million Yuan Datang Telec","collect":0,"end_time":0,"defaultTopTitle":"mtnewswires.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"600198":"大唐电信","BK4588":"碎股","BK0188":"融资融券","BK0149":"电子竞技","BK4134":"信息科技咨询与其它服务","BK0028":"国家队","BK0091":"移动支付","III":"信息服务","BK0148":"宽带提速","BK0125":"芯片国产化","BK0164":"国企混改","BK4585":"ETF&股票定投概念","BK0094":"网络游戏","BK0010":"央企","BK0124":"三网融合","BK4215":"住宅房地产投资信托","BK0103":"IPV6","BK0167":"5G","EQR":"资产住宅公司","BK0214":"IT设备","BK0067":"物联网","BK0123":"4G"},"translate_title":"大唐电信科技将以9900万元向母公司出售三家实体股权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600198":1,"EQR":1,"III":1},"content_text":"Datang Telecom Technology to Sell Stake in Three Entities to Parent for 99 Million Yuan Datang Telecom Technology (SHA:600198) will divest a significant portion of its holdings in three entities to controlling shareholder China Information and Communications Technology Group for a total of 98.5 million yuan, according to a Thursday filing on the Shanghai Stock Exchange.The transaction includes the Chinese telecommunications equipment manufacturer's 37.2% stake in Guoxing Network, 40% in Nanjing Yunke Equity Investment Fund Management and 20% of its property share in Beijing Yunke Innovation Investment Partnership (Limited Partnership).Datang Telecom's shares jumped more than 4% at the close of trading on Thursday.Price (RMB): Â¥5.28, Change: Â¥+0.21, Percent Change: +4.14%","kind":"live","is_publish_news":false,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}