Shanghai Shunho New Materials Science & Technology (SHE:002565) received 3.7 million yuan as the first installment for its sale of 33% equity in Yunnan Yuxi Printing, according to a Shenzhen bourse filing on Tuesday.
Yunnan Chengluo Enterprise Management bought the stake for a consideration of 74.3 million yuan.
The environmental packaging materials manufacturer's shares fell 3% during the afternoon trade.