Sinomach Precision Industry (SHE:002046) will end its equity relationship with associate company Zhongzhe High-speed Rail Bearing after the latter completed its shareholder registration change, according to a Shenzhen Stock Exchange disclosure on Wednesday.
The change is part of Zhongzhe High-speed's reorganization plan that was approved by a court in 2024, the Chinese conglomerate said.
The company's shares rose more than 2% in recent trade.
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