Beijing SPC Environment Protection Tech (SHE:002573) plans to sell its entire 60% stake in subsidiary Tianshengyuan to its controlling shareholder, Sichuan Provincial Ecological Environmental Protection Group.
The about 237.3-million-yuan move is part of the company's strategy to focus on core operations and optimize resource allocation, according to a filing with the Shenzhen bourse.
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.