Engineering contractor WPCS International Inc. (Nasdaq: WPCS) is selling its 60 percent stake in Tai'an AGS Pipeline Construction Co. Ltd. to Halcyon Coast Investment (Canada) Ltd.

The deal, which is part of the company's restructuring plan, will bring in $1.5 million and should close by Sept. 30, according to a June 8 filing with the U.S. Securities and Exchange Commission.

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