HK Stock Market Move | SKYWORTH GROUP (00751) resumed trading with a high opening of over 42%, planning to privatize and delist, as well as spin off its photovoltaic business for a separate listing.

SKYWORTH GROUP (00751) resumed trading with a high opening of over 42%, as of the time of writing, it is up by 42.66% at HK$7.39, with a turnover of HK$81.142 million. On the news front, SKYWORTH GROUP announced at the board meeting on January 4th the distribution plan and the listing and share repurchase plan of Skyworth Photovoltaic. After the share repurchase plan takes effect, the company will apply to the Stock Exchange of Hong Kong for the withdrawal of the listing status. The company will distribute the Skyworth Photovoltaic shares held by all shareholders (including the controlling shareholder Wong's concerted action group). Skyworth Photovoltaic will apply to be listed on the Main Board of the Stock Exchange of Hong Kong by introduction. The company will cancel the listing status through the share repurchase plan, involving the cancellation of planned shares, in exchange for the choice of cash, i.e., HK$4.03 cash for each planned share, or share option, i.e., one new share for each planned share. According to the valuer's calculation based on the median valuation range of HK$16.57 per Skyworth Photovoltaic share as of November 30, 2025, the theoretical value of receiving 0.3699779 Skyworth Photovoltaic shares for each share in the distribution and Skyworth Photovoltaic listing is approximately HK$6.13. Together with the planned consideration received in cash, the theoretical total amount per planned share under this proposal is equivalent to approximately HK$10.16 per planned share. The completion of the distribution, Skyworth Photovoltaic listing, and share repurchase plan are interdependent conditions, and they are expected to occur on the same day or approximately the same day.