Alibaba plans Hong Kong spin-off of Banma Community Know-how
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Alibaba proposed a spin-off and separate itemizing of Banma Community Know-how.
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Banma is looking for a separate itemizing of its shares on the principle board of the Hong Kong Inventory Alternate.
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Alibaba confirmed Banma seeks a separate itemizing on HKEX.
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Alibaba will proceed to carry over 30% of shareholdings in Banma.
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Particulars of the proposed spin-off haven’t but been finalized.
This text was written by Arno V Venter at investinglive.com.
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