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Kaifa Technology has announced its intention to publicly list and divest its entire 17.034% ownership stake in O-Net Technologies via the Shenzhen United Property and Equity Exchange. The reserve price for this listing has been set at a minimum that corresponds to the proportional evaluated value of RMB 13.01 billion, representing the total equity interests of O-Net Technologies' shareholders. This strategic move is projected to yield Kaifa Technology a pre-tax profit of not less than RMB 2.05 billion. Upon the completion of this transaction, Kaifa Technology will completely relinquish its shareholding in O-Net Technologies. It's important to note that this transaction is contingent upon the approval of the shareholders' meeting, adhering to standard corporate governance procedures.
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