Core Viewpoint - The announcement indicates that Hillstone Technology's subsidiary, Hillstone India, has entered into an agreement with Dixon for the acquisition of 51.08% equity stake for a total consideration of 5.53 billion Indian Rupees (approximately 447 million RMB) [1] Group 1 - Following the transaction, Hillstone Technology will retain a 48.92% stake in Hillstone India, which will no longer be a subsidiary but will be accounted for as an associate company using the equity method [1] - Hillstone Technology will continue to provide loans to Hillstone India, which the board believes aligns with the overall interests of the company and its shareholders, as it helps maintain operations and enhance capacity, thereby impacting group performance [1] - The loans will generate interest income for the group, with unchanged terms to ensure continuity [1]
丘钛科技拟出售印度丘钛51.08%股权