Jiangxi Black Cat Carbon Black (SHE:002068) sold a 33% stake in its subsidiary, Anhui Black Cat New Materials, to Xinyu Huizhuo Enterprise Management for 45 million yuan, according to a Monday filing on the Shenzhen Stock Exchange.
The group waived its preemptive purchase rights, retaining its 60% holding in Anhui Black Cat.
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.