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BIDU-SW Opens 3%+ Higher, Assessing Spin-off Listing of Kunlunxin
Recommend 4 Positive 7 Negative 4 |
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BIDU-SW (09888.HK) opened 3.3% higher at HKD125.6, with the trading volume of 1.616 million shares, involving nearly HKD200 million. The group had earlier announced that it has come to the attention of the Company that there were some media reports on December 5, 2025 regarding the proposed spin-off and separate listing of Kunlunxin (Beijing) Technology Co., Ltd., a non-wholly owned subsidiary of the Company (Proposed Spin-off and Listing). The Company clarified that it is in the process of assessing the Proposed Spin-off and Listing. If proceeded, the Proposed Spin-off and Listing will be subject to the relevant regulatory approval process, and there is no assurance that the Proposed Spin-off and Listing will proceed. AASTOCKS Financial News Website: www.aastocks.com |
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