Brief: Tongda Group Holdings Considering Spin-Off And Separate Listing Of Unit

Tongda group

18/09/2019 14:06

Sept 18 (Reuters) - Tongda Group Holdings Ltd  0698.HK :
    * CONSIDERING A POSSIBLE SPIN-OFF AND SEPARATE LISTING OF
UNIT ON
CHINEXT BOARD OF SZSE
    * EXPECTED THAT SPIN-OFF CO TO APPLY FOR LISTING OF ITS
A-SHARES
ON CHINEXT BOARD OF SZSE IN H1 OF 2020
    * CONSIDERING SPIN-OFF OF TONGDA (XIAMEN) SMART TECHNOLOGY
CO. LTD
    * SUBMITTED APPLICATION REGARDS TO PROPOSED SPIN-OFF,
EXCHANGE
CONFIRMED ON 13 SEPT, CO MAY PROCEED WITH PROPOSED SPIN-OFF
    * EXPECTED THAT PROPOSED SPIN-OFF WILL INVOLVE ISSUE OF NEW
SHARES
OF SPIN-OFF CO

Source text for Eikon: urn:newsml:reuters.com:*:nNDLb3929m
Further company coverage:  0698.HK 

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