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BRIEF-Boomsense Technology to sell stake in two units and to boost capital in Xiamen-based firm
June 12, 2017 / 5:53 AM / 5 months ago

BRIEF-Boomsense Technology to sell stake in two units and to boost capital in Xiamen-based firm

June 12 (Reuters) - Boomsense Technology Co Ltd :

* Says co plans to sell 30 percent stake of shares in its Shenzhen-based tech unit and communication system unit respectively, for totaling 74.3 million yuan

* Says co will use the 74.3 million yuan to boost capital in a Xiamen-based firm, raising stake in it to 20.3 percent from 0 percent

Source text in Chinese: hsvp.com/4362

Further company coverage: (Beijing Headline News)

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