Some might see it as a retreat, or perhaps a move to raise cash in troubled financial times. But medical big data specialist Yidu Tech Inc. (2158.HK) is calling its decision to sell part of its international operations a strategic move to assist in its overseas business expansion, according to a regulatory filing last week to the Hong Kong Stock Exchange.
The filing shows the company will sell 20% of EVYD Technology for $55 million to Yaqut, an investment holding company owned by the sovereign wealth fund of the oil-rich Southeast Asian nation of Brunei.
The deal “will help to further cement the purchaser’s support for the company’s international businesses to expand within Brunei and overseas”, the filing said.
您已阅读11%（719字），剩余89%（5749字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。