Huan Hsin selling stake in notebook mould-maker

HUAN Hsin Holdings, a notebook-casing producer that was placed on the Singapore Exchange (SGX) watch-list in March following three consecutive years of losses, is selling its 30 per cent stake in Li Sheng Electronic (Kunshan) or LSE for US$3.5 million.

Its wholly owned subsidiary, Huan Hsin (BVI), entered into an agreement yesterday to sell the stake to Sacred Success International, the 70 per cent owner of LSE.

LSE, a private company incorporated in China with an issued and paid-up capital of US$6 million, is in the business of fabricating steel moulds for the notebook industry.