BYD said BYD Hong Kong a wholly controlled subsidiary plans to sell a 33.38% stake in Foshan Jinhui High Tech Opto Electrical Material Limited for CNY 496 million.

Foshan Jinhui is one of the major players in the lithium ion battery diaphragm business.

Following the transaction, BYD maintains a 6% stake in Jinhui High Tech Opto Electrical Material Limited.

(Sourced from yicai.com)