Core Viewpoint - The company, Hengxin Technology (01085), has announced a conditional agreement to sell a 39% stake in its wholly-owned subsidiary, Jiangsu Hengxin Technology Co., Ltd., to Hengtong Group Co., Ltd. for a cash consideration of RMB 500 million, aimed at strategic divestment to focus on high-growth opportunities [1][1][1] Group 1 - The sale is part of a strategic move to divest a portion of its wireless communication business due to poor stock performance [1] - The company aims to concentrate on higher growth opportunities following the sale [1] - The board considered the growth prospects of the remaining business and the fairness and reasonableness of the sale price [1]

Core Viewpoint - The company, Hengxin Technology (01085), has announced a conditional agreement to sell a 39% stake in its wholly-owned subsidiary, Jiangsu Hengxin Technology Co., Ltd., to Hengtong Group Co., Ltd. for a cash consideration of RMB 500 million, aimed at strategic divestment to focus on high-growth opportunities [1] Group 1 - The sale is part of a strategic move to divest a portion of the wireless communication business due to underperformance of the company's shares [1] - The company is focusing on high-growth opportunities in its remaining business segments [1] - The board considered the growth prospects of the business being sold and the fairness and reasonableness of the sale price [1]