Skyworth Group Unveils Inter-Conditional Buy-back, Delisting and Photovoltaic Spin-off Plan

Skyworth Digital Holdings ( (HK:0751) ) has provided an announcement.

Skyworth Group Limited has announced a restructuring proposal under which it will distribute its shares in Skyworth Photovoltaic to all existing shareholders and seek a separate Main Board listing in Hong Kong for the photovoltaic unit by way of introduction. At the same time, Skyworth Group plans to implement a share buy-back scheme via a court-sanctioned scheme of arrangement that will cancel all shares held by public shareholders (excluding the Wong Concert Party Group), offering them a choice between HK$4.03 in cash per share or one new Skyworth share for each existing share, with non-electing shareholders defaulting to the cash option. Completion of the share distribution, the Skyworth Photovoltaic listing, and the share buy-back scheme are all inter-conditional and are intended to occur on or about the same day, effectively leading to the withdrawal of Skyworth Group’s listing while crystallising value for minority investors and separately listing its photovoltaic business.

The most recent analyst rating on (HK:0751) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Skyworth Digital Holdings stock, see the HK:0751 Stock Forecast page.

More about Skyworth Digital Holdings

Skyworth Group Limited is a Bermuda-incorporated company listed in Hong Kong that operates as part of the broader Skyworth electronics and technology group. Through its subsidiaries, it is involved in consumer electronics and related technology businesses and holds an equity stake in Skyworth Photovoltaic, which focuses on solar and renewable energy solutions and is now being positioned for a separate stock market listing in Hong Kong.

YTD Price Performance: 10.45%

Average Trading Volume: 3,821,171

Technical Sentiment Signal: Buy

Current Market Cap: HK$9.78B

For a thorough assessment of 0751 stock, go to TipRanks’ Stock Analysis page.