Company holding 61.21% of Kone electronic landing on the stock exchange of Hong Kong

Tcl is speeding up the listing of its companies. Yesterday, the company held 61.21% of its full electronic landing on the stock exchange of Hong Kong. People familiar with the matter said Tcl was also pushing for the listing of another company, Han Lin. At this point, in addition to the four listed companies already owned, TCL Group of listed companies are expected to reach five.

Already listed companies have TCL Group, TCL Communications, TCL Multimedia and Kone Electronics. Yesterday, TCL Group issued a notice that Kone Electronic Holdings Limited (KONE Electronics) has been approved by the stock exchange of Hong Kong Limited on the main board listing and trading, the stock code: 1249. Kone main business for the audio and video products ODM business.

A spin-off would help to raise valuations across the group, and many home appliance makers are seeking to split the market. For example, Skyworth Hongsheng this year in the lead Skyworth set-top box business split listing. Analysis that Tcl's Han Lin listing is very likely, because Hanfeng Lin has the same concept of the company (Changhong Jia Hua, digital China) has been listed.