Hillto Technology sells 51% stake in its Indian subsidiary to Dixon for 450 million RMB.

According to an announcement on the Hong Kong Stock Exchange, the selling shareholders Singapore Qiutai and Qiutai International signed a subscription agreement with Dixon on Wednesday to sell 51.08% of the shares of Indian Qiutai. The total transaction price is approximately 5.53 billion Indian Rupees. After the transaction is completed, Qiutai Technology will still retain 48.92% of the shares of Indian Qiutai.