BOTON TECHNOLOGY plans to transfer 98% equity of BOTON R&D, with an equity transfer price of 98 million yuan
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BOTON TECHNOLOGY plans to transfer 98% of the equity of its wholly-owned subsidiary Wuxi Boton Technology Research and Development Co., Ltd. for 98 million yuan to Wuxi Xintie Machinery Co., Ltd. This move aims to optimize the asset structure, focus on the main business, enhance efficiency, and support the company's long-term development. The proceeds from the transaction will be used for daily operations and will not have a significant impact on the company's ongoing operational capability and profitability
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