Update: Skyworth to List STB Business

Guangzhou Daily, 12/09/09

Zhang Xuebin, chairman and CEO of Chinese electronics and set-top box manufacturer Skyworth Group (0751.HK) has said that, "the listing of Skyworth's set-top box business on [Shenzhen's] small and medium enterprise board is appropriate in terms of scale, but we've not ruled out the possibility of listing on the growth enterprise board. We do not yet have a specific timetable for listing, but we intend to make a domestic return to the A-share market as soon as possible."

Skyworth's set-top box business is currently still a subsidiary of Skyworth Group, and after a separate listing, its financial statements will continue to be included in the figures for its Hong Kong-listed parent group.

Editor's Note: For more background on the listing, please see " Skyworth Digital Technology Plans IPO," MD 4/09/09 issue.

Keywords: bourse Zhang Xuebin IPO television A-share set-top box Shenzhen Skyworth Digital Technology Skyworth Group 0751.HK listing GEB SME

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