Skyworth (751 HK)'s Spin-Off & CSRC's (Possible) Stricter Rules
Back on the 20th January, Skyworth Group Limited (751 HK) announced an inter-conditional Scheme and concurrent listing of 70%-held Skyworth Photovoltaic on the HKEx, by way of introduction.
I discussed the deal in Skyworth (751 HK): Delisting/Spin-Off Terms Are Fair. Get Involved. Terms appeared fair. Just a question on how best to hedge the transaction.
On the afternoon of the 23rd Jan, media reports surfaced that CSRC will (reportedly) tighten rules for firms to list in Hong Kong. Nothing definitive, but still worth a discussion.
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