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Playmates Toys Ltd. to spin-off from parent company on Hong Kong Exchange

Costa Mesa, California-based Playmates Toys has received a conditional OK to spin-off from Playmates Holdings Limited on the Hong Kong Stock Exchange.
January 3, 2008

Costa Mesa, California-based Playmates Toys has received a conditional OK to spin-off from Playmates Holdings Limited on the Hong Kong Stock Exchange.

The move will establish a separate listing of the shares for Playmates Toys Ltd. on the main board of the exchange. Playmates Holding will continue to retain approximately 55% of the shares issued on Playmates Toys. Dealings for the new shares on the Hong Kong Stock Exchange are expected to commence at 9:30 a.m. on Friday, February 1.

About The Author
Gary Rusak is a freelance writer based in Toronto. He has covered the kids entertainment industry for the last decade with a special interest in licensing, retail and consumer products. You can reach him at garyrusak@gmail.com

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