Fabchem China, on March 19, entered into a sale and purchase agreement (SPA) with its controlling shareholder, Triple Vision, to dispose of 100% of its stake in Shandong Yinguang Technology for $18 million.

The $18 million will be paid to Fabchem China in cash by Triple Vision.

Fabchem China’s stake in Shandong Yinguang Technology amounts to RMB156 million ($32.1 million).

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