The Chinese shipbuilder disposed of its 31.5% stake in Wuxi Runyuan Technology Microfinance RMB103.95m ($16.36m) a 10% premium on the price it paid for the shareholding.
Yangzijiang said it had sold the stake to streamline its structure and reduce administrative expenditures. It has another similar business Jiangsu Runyuan Rural Microfinance.
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