The latest update is out from Nanjing Panda Electronics Company ( (HK:0553) ).
Nanjing Panda Electronics Company Limited announced ongoing negotiations with Ericsson regarding the sale of its 49% equity stake in Nanjing Ericsson Panda Communication Co., Ltd. (ENC). Ericsson has proposed to purchase this stake for a cash consideration, which is expected to positively impact the company’s financial results. The transaction is subject to necessary approvals and compliance with state-owned asset management regulations, with completion anticipated by September 2025. The company aims to protect shareholder interests and will continue to disclose significant developments related to this equity disposal.
More about Nanjing Panda Electronics Company
Nanjing Panda Electronics Company Limited operates in the electronics industry, focusing on the development and production of electronic products and communication equipment. The company is involved in various market segments, including telecommunications and consumer electronics.
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