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Schweizer Electronic AG completed the sale of 80% of its Chinese subsidiary Schweizer Electronic (Jiangsu) to WUS Printed Circuit (Kunshan) for an undisclosed price. Schweizer retains a 20% stake in the joint venture.
Schweizer Electronic AG has agreed to sell approximately 57% of its shares in its Chinese subsidiary Schweizer Electronic (Jiangsu) Co., Ltd. to WUS Printed Circuit (Kunshan) Co., Ltd., increasing WUS's stake to 70% upon closing.