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TCL Electronics Considers Spin-Off, Separate Listing of PV Business

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TCL Electronics (HKG:1070) is considering a potential spin-off and separate listing of its photovoltaic business through a distribution in specie, according to a Monday filing with the Hong Kong bourse.

The proposal remains at a preliminary stage, and no application has been made to the Hong Kong Stock Exchange.

The company said a separate listing could allow it to focus on its global smart home appliance business while giving the photovoltaic unit greater independence and broader financing channels.

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