Shenzhen Investment Signs LOI to Sell 70% Stake in Jinghua Displays to Shahe Industrial

Reuters
Oct 30
Shenzhen Investment Signs LOI to Sell 70% Stake in Jinghua Displays to <a href="https://laohu8.com/S/000014">Shahe Industrial</a>

Shum Yip Pengji Holdings Co., Ltd., a wholly owned subsidiary of Shenzhen Investment Limited, has entered into a letter of intent with Shahe Industrial Co., Ltd. for the potential sale of its 70% equity interest in Shenzhen Jinghua Displays Electronics Co., Ltd. The consideration for the possible transaction will be determined with reference to an independent valuation of the target company. The letter of intent is effective for six months from the signing date and is not legally binding. Further details, including the final terms and conditions, will be established upon signing a formal agreement.

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