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Skyworth Digital Holdings ( (HK:0751) ) just unveiled an update.
Skyworth Group Limited has provided a monthly update on its proposed privatisation via a share buy-back implemented through a scheme of arrangement, which would lead to the company’s delisting from the Hong Kong Stock Exchange. The proposal also includes a distribution in specie of shares in its subsidiary Skyworth Photovoltaic to existing shareholders, alongside a special rollover arrangement for certain investors.
The company confirmed that all pre-conditions to the transaction, including shareholder approvals for the photovoltaic share distribution and the planned separate listing of Skyworth Photovoltaic, remain outstanding. Skyworth is working with shareholders and professional advisers to secure necessary approvals and prepare listing documents, while warning investors that the deal may not proceed and urging caution in trading its shares until further announcements are made.
More about Skyworth Digital Holdings
Skyworth Group Limited is a Bermuda-incorporated company listed in Hong Kong, operating as a diversified technology group. The company has significant interests including its Skyworth Photovoltaic business, reflecting a strategic focus on consumer electronics and renewable energy-related operations in mainland China and broader regional markets.
YTD Price Performance: 34.33%
Average Trading Volume: 5,149,293
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.9B
For an in-depth examination of 0751 stock, go to TipRanks’ Overview page.