Sunny Optical Advances Spin-Off and Hong Kong Listing of Vehicle Optics Unit
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Sunny Optical Technology (Group) Co (HK:2382) announced plans to spin off its vehicle optics unit, SpinCo, through a separate listing on the Hong Kong Stock Exchange. The spin-off has received approval to proceed, with SpinCo filing its listing application. The transaction is expected to be a discloseable deemed disposal under Hong Kong rules, not requiring shareholder approval. However, key terms remain undecided, and completion is subject to regulatory approvals and market conditions. Analysts rate the stock as a Buy with a target price of HK$88.00.
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