SGX:H22Machinery
Hong Leong Asia (SGX:H22) Is Up 18.7% After Hong Kong Spin-off Move For Marine Unit – Has The Bull Case Changed?
Hong Leong Asia recently announced that its indirect subsidiary Guangxi Yuchai Marine and Genset Power filed to spin off and list on the Hong Kong Stock Exchange, after the Singapore Exchange said it had no comments on the proposal and did not expect shareholder approval to be required.
The planned spin-off could highlight the standalone profile of Hong Leong Asia’s marine and genset power operations, potentially clarifying how investors assess this part of the group.
We’ll now explore how...