The company decided to divest its entire ownership stake in Solition Shanghai (索利通網絡系統（上海）有限公司), a 100% subsidiary in China, in two tranches (90% in March 2025 and remaining 10% in December 2025). The divestiture was driven by the subsidiary's recent losses due to Chinese Japanese enterprises reducing or withdrawing operations amid heightened geopolitical risks.
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Summary
The company decided to divest its entire ownership stake in Solition Shanghai (索利通網絡系統（上海）有限公司), a 100% subsidiary in China, in two tranches (90% in March 2025 and remaining 10% in December 2025). The divestiture was driven by the subsidiary's recent losses due to Chinese Japanese enterprises reducing or withdrawing operations amid heightened geopolitical risks.