EconomyHisense unit surges in Hong Kong debut as mainland spin-off wave gathers pace

Hisense Group Holdings’ optical communications unit made a strong Hong Kong debut after raising HK$5.6 billion (US$714 million). Shares of fibre-optic equipment maker Ligent Technologies climbed as much as 19.2 per cent on Tuesday morning, taking its valuation above HK$35 billion and adding momentum to mainland conglomerates’ push to spin off businesses for overseas capital and technology expansion.

Hong Kong listingHisenseoptical communicationscorporate spin-offs

SSouth China Morning Post★★☆☆☆2026-09-22 06:33Original