Singapore: Serial System to list HK arm; UOL Group in equity swap deal for UIC stake

Serial System Limited is planning to spin off its subsidiary and list it on the HKSE Mainboard, while UOL Group is entering into an equity swap deal for a larger stake in UIC.

Serial System to list subsidiary on HKSE

Serial System is planning to spin off its subsidiary Serial Microelectronics (HK) (SMHK) to be listed separately on the Mainboard of the Stock Exchange of Hong Kong (HKSE). The company is also planning to move to the Catalist growth board from the SGX Mainboard.

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