- China's Huawei Technologies plans to sell its 51% stake in undersea telecommunications cable business Huawei Marine Systems, according to an exchange filing from the Chinese buyer on Monday. - Hengtong Optic-Electric said in the filing to the Shanghai Stock Exchange that it signed a letter of intent with Huawei Technologies subsidiary Huawei Tech Investment on May 31 to buy the stake via cash and share issuance. - The potential sale comes as Huawei Technologies' main business of selling telecom network equipment and smartphones is under intense global scrutiny as the United States alleges...
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