[ET Net News Agency, 19 September 2016] China Singyes Solar Technologies (00750) said
it has submitted an application to the Stock Exchange in relation to the proposed spin-off
of the new materials business by way of a separate listing on GEM and has received written
confirmation from the Stock Exchange to proceed with the proposed spin-off.
Singyes New Materials is currently an 90.1%-owned subsidiary of Singyes Solar. It is
principally engaged in the production and sales of Indium Tin Oxides (ITO) film, and the
research and development, production and sales of polymer dispersed liquid crystal film
(Smart Film), electronically switchable glass (Smart Light-adjusting Glass), and smart
light-adjusting projection systems. Upon completion, Singyes New Materials will remain as
a subsidiary of Singyes Solar. (HL)
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IPO News
19/09/2016 10:01
Singyes Solar to spin off new materials business on GEM