Ten Pao Plans Spin-Off and Mainland A-Share Listing for Huizhou Electronics Unit
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Ten Pao Group Holdings Limited plans to spin off its subsidiary, Ten Pao Electronics (Huizhou) Co., Ltd., for a separate A-share listing in mainland China. The Huizhou unit, which produces chargers and power systems, will remain a subsidiary with consolidated financial results. The Hong Kong Stock Exchange has approved the spin-off under relevant rules, but final terms and listing details are pending. The execution depends on board and shareholder approvals, regulatory clearances, and market conditions, making the timing uncertain.
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