Shenzhen Kaifa Technology (000021.SZ) plans to list and sell its 17.034% equity stake in O-Net Technologies, with expected pre-tax profit of no less than RMB 2.05 billion.

Zhitong Finance APP news, Shenzhen Kaifa Technology (000021.SZ) announced that the company plans to publicly list and sell its entire 17.034% equity stake in its associate company O-Net Technologies (Shenzhen) Group Co., Ltd. ("O-Net Technologies") through the Shenzhen United Property and Equity Exchange. The minimum listing price shall be no less than 17.034% of O-Net Technologies' appraised total shareholders' equity value of RMB 13.01 billion. This transaction aims to further focus on its core business, and is expected to bring the company a pre-tax profit of no less than RMB 2.05 billion.