Karrie International Holdings Limited (SEHK:1050) announced that proposed spin-off has been approved by board, declared conditional distribution in specie of all KRP Development Holdings Limited shares. The company proposed spin-off & separate listing of shares of KRP Development Holdings Limited on main board of stock exchange of Hong Kong, assuming no change in number of issued shares, distribution in specie on basis of 1 KRP share for every 4 shares held.
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- Karrie International Approves Proposed Spin-Off of KRP Development Holdings and Separate Listing of Shares on Main Board of Stock Exchange of Hong Kong