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BRIEF-Tencent Holdings intends to spin-off China Literature
June 30, 2017 / 12:25 PM / 5 months ago

BRIEF-Tencent Holdings intends to spin-off China Literature

June 30 (Reuters) - Tencent Holdings Ltd:

* Company intends to spin-off China Literature by way of a separate listing of China Literature shares on main board of stock exchange

* ‍China Literature, through its joint sponsors, submitted a listing application form to stock exchange​

* Upon completion of proposed spin-off, company will indirectly hold not less than 50% of shareholdings in China Literature

* It is currently proposed that proposed spin-off will be effected by way of global offering of China Literature shares​ Source text: [bit.ly/2sYm7Na] Further company coverage:

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