Core Viewpoint - Marco Digital Technology (01942) announced the conditional sale of its subsidiary Metro Eyewear's entire stake in a target company to Equitic Dynamic Core PLT for a total cash consideration of 22 million MYR (approximately 37.4 million RMB) [1] Group 1: Transaction Details - The transaction involves the sale of all issued shares of the target company, which consists of 24 companies [1] - Upon completion, Metro Eyewear will no longer hold any interest in the target company, and it will cease to be a subsidiary of the group [1] Group 2: Target Company Composition - The target company includes various subsidiaries engaged in optical products wholesale and retail, optometry services, and related equipment distribution [2][3][4][5][6][7][8][9][10][11][12] - Notable subsidiaries include Caxia Eyewear Sdn Bhd, Eyershine Eyewear Sdn Bhd, and Exon Eyewear Sdn Bhd, with ownership stakes varying from 51% to 80% held by Metro Eyewear [2][3][4][5][6][7][8][9][10][11][12] Group 3: Strategic Implications - Post-transaction, the group plans to enter into a licensing agreement with the target company, allowing it to operate under the group's trademarks while assuming all operational costs [12] - The proceeds from the sale will be used to support the development of the group's optical-related business and may be reallocated for suitable mergers or strategic investments [12] - The board views this sale as a valuable opportunity for strategic repositioning, aiming to streamline the organizational structure and reduce management costs [12]