Huan Hsin disposes 51% stake in notebook manufacturing JV firm
The deal is worth $1.3m.
SGX-listed Huan Hsin Holdings today revealed that its subsidiary is disposing its 51% stake in Hefei Baolong Hsin Technology Corporation, a joint venture company that is engaged in the manufacturing of notebook casings.
It has entered a sale and purchase agreement with its JV partner, Shenzhen Bitland Information Technology Corporation, for a total consideration of $1,316,372.