Universal Scientific Industrial finalizes subsidiary sale, continues share buyback

Universal Scientific Industrial (Shanghai) (SSE:601231) has announced the completion of the sale of its controlling subsidiary, Huanqiang Electronics Co., Ltd. The company indirectly held 75.1% of Huanqiang Electronics. The transaction, approved on April 24-25, 2025, involved the sale of the stake to Real Tech Holdings Limited for a price of $49,783,000, determined by Huanqiang Electronics’ net asset value as of March 31, 2025. The company confirmed that as of September 1, 2025, the sale documents were signed, intercompany loans were repaid, and the payment was received, finalizing the divestiture.

In a separate update, Universal Scientific Industrial (Shanghai) also reported its share repurchase progress for August 2025. The company bought back 137,000 shares, representing approximately 0.01% of its total share capital. The highest price paid was RMB 19.18/share and the lowest was RMB 18.80/share, totaling RMB 2,612,125.00 (excluding transaction fees).

As of the end of August 2025, the company has cumulatively repurchased 859,500 shares, accounting for 0.04% of its total share capital. The total amount spent is RMB 13,241,302.00, with prices ranging from RMB 13.96/share to RMB 19.18/share. The buyback program, set to run until April 24, 2026, aims to repurchase shares within a price limit of RMB 19.77/share.