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.
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