This seems a very positive outcome - got rid of the troublesome...

This seems a very positive outcome - got rid of the troublesome China business:

Hyro Limited (ASX : HYO) announces that it has completed the sale of a retail point-of-sale business asset acquired by the company as part of the acquisition of the application services business in the Greater China region in October 2007.
Known as ShoPOS, the asset comprised intellectual property in software, services engagements and an ongoing contract to provide retail point-of-sale hardware to a group of customers in China, Hong Kong and Macau.
The company advises that it has realised a net consideration of approximately $1.7 million net of inventory sold at minor discount to cost as part of the transaction. The supporting personnel and infrastructure were also transferred to the buyer as a part of the transaction.
“The ShoPOS business was acquired as a part of the overall business acquisition in Greater China in October 2007, but has been unprofitable for Hyro since the day it was acquired” said Hyro Chief Executive Officer, Mr Bill Votsaris. “Furthermore, this business was not in line with our core Digital Services offering and therefore was a distraction for management and the team.”
“I am pleased that we have been able to realise a commercial outcome for this asset and free the management to focus on our core business” Mr Votsaris said.
The ShoPOS asset was sold to major customer, Dairy Farm International and all instalments of the consideration have now been received.