SKYWORTH GROUP (00751.HK) +0.010 (+0.140%) Short selling $11.45M; Ratio 5.220% announced on January 20 that it plans to distribute all its shares in Skyworth Photovoltaic to all shareholders, according to a CICC report.
Skyworth Photovoltaic will be listed on the Main Board of the Hong Kong Stock Exchange by way of introduction, which does not involve a public offering of new shares. This process will go on with a share repurchase to achieve privatization.
Expecting that its planned spin-off listing will fully realize the intrinsic value of its new energy business, CICC has raised its target price for SKYWORTH GROUP by 100% to HKD8, with a rating of Outperform.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-01-22 16:25.)
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