Asia
HangKe Technology Waives Rights as Founder Transfers Subsidiary Stake to Director
Zhejiang HangKe Technology (SHA:688006) waived its preemptive rights in the transaction where founder and actual controller Cao Ji will sell 1.55% of subsidiary Hangke Instruments to employee director Cai Qingyuan for 5.5 million yuan.The battery test equipment manufacturer retains its 51% controlling stake in Hangke Instruments, according to a Thursday filing with the Shanghai bourse.Shares of Hangke Technology rose 4% Thursday.
SHA:688006
