China-backed Apollo Future Mobility exits sensitive U.S. business
Apollo Future Mobility Group, a Hong Kong-traded investment company with Chinese backing, has announced the sale of its holding in an American 3D printing company, citing concerns over U.S. national security scrutiny.
The company said it will sell its entire 12.87% stake in Divergent Technologies in a deal expected to cost it a record loss of 106 million Hong Kong dollars ($13.6 million).