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Yongsheng Mat (03608) proposes to spin off yarn biz
 Yongsheng Advanced Materials Company (03608) announced that its board of directors was considering the feasibility of a proposed spin-off and separate listing of part of the company's business on the Main Board of the Stock Exchange. The business now being considered as the subject matter of the spin-off is principally the polyester filament yarn manufacturing business.

A proposal in relation to the spin-off has been submitted by the company to the Stock Exchange on 22 December 2017 for its consideration and approval pursuant to Practice Note 15 of the Listing Rules.

As the spin-off is at its preparatory stage, no application for such listing has been made and approval by the relevant regulatory authority has yet to be obtained.

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