Ninestar (SHE:002180), along with PAG Asia Capital and Shanghai Shouda Investment Centre, agreed to sell printing software maker Lexmark International to US printing and document management systems provider Xerox for $1.5 billion, according to a Shenzhen Stock Exchange disclosure on Tuesday.

In 2016, the Chinese printing company, PAG Asia Capital and Shouda Investment took over Lexmark. Through a joint venture, Ninestar owned around 64%, while PAG and Shouda Investment owned 32% and 4% of Lexmark, respectively.

In another press release, Xerox said the transaction will expand its A4 color market within the Asian Pacific region, among other global markets, with a new organization set to be established in 170 countries. Lexmark and Xerox together have a top-five global share in each of the entry, mid and production print markets.

Ninestar's shares slipped less than 2% in recent trade.