LightPath To Sell China Unit For $4.5 Mln In Shift To Western Manufacturing

LightPath Technologies (LPTH) said it agreed to sell its China subsidiary to an entity owned by members of the facility’s management team. The announcement provides no disclosed deal value in the text, implying limited immediate impact beyond corporate restructuring context.

Analysis

LightPath Technologies (LPTH) said it agreed to sell its China subsidiary to an entity owned by members of the facility’s management team. The announcement provides no disclosed deal value in the text, implying limited immediate impact beyond corporate restructuring context.