WPG (TPE:3702) unit WPG China approved the disposal of up to 7.2 million shares in Shenzhen CECport Technologies for at least 108.1 million yuan.
The shares will be sold at a price of at least NT$90 per share, according to a Tuesday Taiwan Exchange filing.
The company said the sale will enhance capital utilization efficiency and profitability.
Following the disposal, WPG China will no longer hold any shares in Shenzhen CECport Technologies.