(Yicai Global) March 22 -- Han's Laser Technology Industry Group Co. divested a portion of its holding in Italian laser leviathan Prima Industrie SPA, reaping a total of CNY94 million (USD15 million), which is expected to yield a windfall of CNY76 million to the company.

The  company has already reduced its holdings by 299,907 shares of Prima cumulatively on the Borsa Italiana exchange as of today. Han's Laser held 140 million shares in Prima Industrie, making up 13.4 percent of the latter's share equity,  Han's Laser announced. The company originally intended to embark on strategic cooperation with advanced international laser companies via this overseas investment which, however, has thus far not borne its expected fruit. The company will further shrink its remaining holding per market conditions, Han's Laser announced.

Prima is a 40-year-old laser equipment maker with over 1,650 staff and production facilities in Italy, Finland, China and the US.

Han's Laser became a Prima shareholder by investing CNY156 million in 2008. Established in Shenzhen in 1996, the company is the largest producer of industrial laser processing equipment in Asia.