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Star-net Communication's Unit Close to Finishing Process in Raising Stake in Subsidiary

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Fujian Star-net Communication's (SHE:002396) unit, Fujian Star-Net Vision Information System, is almost finished raising its holdings in Sonoscape (Beijing) Technology, according to a weekend filing with the Shenzhen bourse.

The artificial intelligence application services provider's shares jumped 4% at the close of Monday's trade.

Star-Net Vision's stake will rise to 35.08% from 23.08% as a result.

The former shareholders of Sonoscape's stake completed the tax filing and payment procedures regarding the change in ownership, but the industrial and commercial registration of the change has not yet been completed.

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