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Tencent announced that it has submitted a proposal for the spin-off of Tencent Music to the HKEx, which has been confirmed by the Hong Kong Stock Exchange.

via:博客园     time:2018/7/8 21:30:46     readed:328


Today, the Board of Directors of Tencent Holdings Limited announced that it is submitting a proposal to the Hong Kong Stock Exchange for the spin-off of its online music and entertainment business through the independent listing of registered public offerings on the US-listed stock exchange.

The online music entertainment business is operated by Tencent Music Entertainment Group, a subsidiary of Tencent, which holds a majority shareholding. The Hong Kong Stock Exchange has confirmed that Tencent can make the proposed spin-off.

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