Categories :

Alibaba plans Hong Kong spin-off of Banma Network Technology

Alibaba proposed a spin-off and separate listing of Banma Network Technology.

Banma is seeking a separate listing of its shares on the main board of the Hong Kong Stock Exchange.

Alibaba confirmed Banma seeks a separate listing on HKEX.

Alibaba will continue to hold over 30% of shareholdings in Banma.

Details of the proposed spin-off have not yet been finalized.

This article was written by Arno V Venter at investinglive.com.

Leave a Reply

Your email address will not be published. Required fields are marked *