• Alibaba proposed a spin-off and separate listing of Banma Network Technology.

  • Banma is seeking a separate listing of its shares on the main board of the Hong Kong Stock Exchange.

  • Alibaba confirmed Banma seeks a separate listing on HKEX.

  • Alibaba will continue to hold over 30% of shareholdings in Banma.

  • Details of the proposed spin-off have not yet been finalized.

This article was written by Arno V Venter at investinglive.com.

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