NVC Lighting announced that it is negotiating with potential investors to sell most of its China operations.
The announcement shows that the company is conducting a strategic assessment of its business in China and is negotiating with a limited number of potential investors to sell most of its China operations (which are expected to constitute a very significant sale for the company) and continue to expand overseas. business.
NVC Lighting stated that this strategic assessment and consultation is still in its infancy and no specific agreement has been entered into. The company wishes to emphasize its long-term investment in overseas business, and since the proposed parameters have not yet been finalized or confirmed, the company is currently interested in retaining some of its China operations.
In addition, NVC Lighting stated that the company may or may not conduct potential sales.