A limited partnership unit of Country Garden (HKG:2007) will sell a 1.56% equity stake in Changxin Technology Group to Hefei Jianchang Equity Investment Partnership Enterprise for 2 billion yuan, a Dec. 27 bourse filing said.
Changxin Technology engages mainly in the design and manufacturing of integrated circuits.
The property company will use proceeds from the disposal as general working capital, mainly for project construction expenses.
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