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BlueFocus Unit Exits Tomato Interactive With 39 Million Stake Sale; Shares Slide 6%

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BlueFocus Intelligent Communications (SHE:300058) subsidiary BlueFocus International Communication will sell back its 20% stake in Tomato Interactive for 38.7 million yuan, according to a Tuesday after-hours filing with the Shenzhen bourse.

Tomato Interactive is a Hong Kong-registered influencer marketing and overseas advertising and marketing company. Following the sale, BlueFocus will no longer have any stake in Tomato Interactive.

The transaction will have an expected impact of 28.3 million yuan in the listed company's attributable profit.

Shares fell 6% during afternoon trading on Wednesday.

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BlueFocus Unit Exits Tomato Interactive With 39 Million Stake Sale; Shares Slide 6% | FINWIRES