Hong Ri Da Technology to Sell 92% Stake in Subsidiary to Chairman
Hong Ri Da Technology (SHE:301285) will sell 92% of its subsidiary Hongguang Communication (Kunshan) to chairman and controlling shareholder Wang Yutian for 1.85 billion yuan.Following the sale, Hong Ri Da will no longer hold a stake in Hongguang, according to a Tuesday filing with the Shenzhen bourse.