Shenzhen Topband Co.Ltd(002139) announced that the company plans to spin off its holding subsidiary research and control automation to be listed on the gem of Shenzhen Stock Exchange. After the spin off, the Shenzhen Topband Co.Ltd(002139) ownership structure will not change, and will still maintain the control over research control automation. Through this spin off, Shenzhen Topband Co.Ltd(002139) will further realize business focus, focus more on home appliances, tools, new energy and other businesses, build research control automation into an independent listing platform for the company's subordinates to engage in the R & D, production and sales of motion control core components, enhance capital strength through gem financing, and realize the expansion and strengthening of industrial control business sector.
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