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Hong Kong stock exchange approves Tencent’s plan to spin off music business

July 09, 2018


Abstract : China’s Internet giant Tencent planned to spin off its music business and list these shares on U.S. stock exchange independently, the company said in a filing to Hong Kong stock exchange on Monday.

腾讯

BEIJING, July 9 (Xinhua) – China’s Internet giant Tencent planned to spin off its online music business and list these shares on U.S. stock exchange independently, the company said in a filing to Hong Kong stock exchange on Monday.

According to the company, the Hong Kong stock exchange has already approved its proposal to spin off the music business.

The share price and other details of the stock offering have yet to be decided, the company said. (Edited by Yang Yifan, yangyifan@xinhua.org)

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Keyword: Tencent

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