TCL Multimedia Technology Holdings

TCL Corp, the ultimate holding company of TCLM and Tonly, will own 61.3 per cent of Tonly after it lists.

Tonly spin-off lets TCL Multimedia focus on TVs

The proposed spin-off of Tonly, which was announced by TCLM earlier this year, will be carried out by way of introduction. This enables a company to list without funds being raised.