Group 1 - The core point of the article is that Datong Machinery (00118.HK) has entered into a share transfer agreement to sell its entire stake in Hefei Glanmei New Materials Co., Ltd. to buyer Diao Junde, effective February 5, 2026 [1] - The seller, Hefei Datong Glan Plastic Co., Ltd., is a wholly-owned subsidiary of the company, and upon completion of the sale, the group will no longer hold any interest in the target company, which will cease to be a subsidiary [1] - The decision to sell is driven by the fact that the target company's business is not part of the seller's core operations and has recorded losses for three consecutive years, prompting the board to focus on core business and mitigate operational risks associated with ongoing losses [1]
大同机械(00118.HK)拟出售格兰美新材料全部股权