FilingReader Intelligence
Datang Telecom divests storage unit stake at 819% premium
July 30, 2025 at 05:13 PM UTC•By FilingReader AI
Datang Telecom Technology will sell 3.33% of associate Hefei Datang Storage Technology for a minimum 50 million yuan through its subsidiary Datang Microelectronics.
The transfer price represents an 819% premium over the book value of 5.44 million yuan. Datang Microelectronics will retain a 9.55% stake after the sale.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
SSE:600198•Shanghai Stock Exchange
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