Viomi Technology To Divest Certain IoT@Home Businesses For Total Consideration Of RMB65M In Cash
Portfolio Pulse from Benzinga Newsdesk
Viomi Technology is divesting certain IoT@Home businesses for a total consideration of RMB65 million in cash.
July 19, 2024 | 8:08 pm
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Viomi Technology is selling certain IoT@Home businesses for RMB65 million in cash. This divestment could streamline operations and provide liquidity.
The divestment of certain IoT@Home businesses for RMB65 million in cash will provide Viomi Technology with additional liquidity. This could be seen positively by investors as it may help streamline operations and focus on core business areas.
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