Brief: FIH Mobile Proposes To Spin-Off And Separately List BFIH

FIH Mobile

22/12/2021 01:12

Dec 22 (Reuters) - FIH Mobile Ltd  2038.HK :
    * PROPOSES TO SPIN-OFF AND SEPARATELY LIST BFIH
    * BFIH FILED DRHP WITH SEBI, BSE AND NSE FOR PROPOSED IPO,
WILL
MAKE APPLICATION FOR IN-PRINCIPLE APPROVAL FOR LISTING ON BSE
AND NSE
    * FOLLOWING COMPLETION OF PROPOSED SPIN-OFF, CO'S
SHAREHOLDING IN
BFIH IS EXPECTED TO BE REDUCED TO NOT LESS THAN 75%
    * PROPOSED SPIN-OFF IS EXPECTED TO BE COMPLETED IN 2022
    * INTENDS TO USE NET PROCEEDS FROM PROPOSED SPIN-OFF TO PAY
A
SPECIAL CASH DIVIDEND, AMONG OTHERS

Further company coverage:  2038.HK 

 ((Reuters.Briefs@thomsonreuters.com;))