WPG to Exit Shenzhen CECport Technologies Stake for At Least 108 Million Yuan
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.