Chinese internet giant Tencent Holdings Ltd. (0700.HK) said late Friday it plans to spin-off and do a separate listing of its unit China Literature Ltd, which operates online literature platforms.
After the proposed spin-off, Tencent will hold at least 50% stake in China Literature, therefore China Literature will remain its unit, the Chinese internet firm said.
Continue Reading Below
Write to Chester Yung at email@example.com
(MORE TO FOLLOW) Dow Jones Newswires
July 02, 2017 22:15 ET (02:15 GMT)