RGB confirms plans to spin off support & management division

Electronic gaming machine supplier RGB Asia has confirmed plans to spin off its technical support and management division and list it on the Hong Kong Stock Exchange.

News of the proposed spin-off first appeared on The Edge Malaysia on Monday, however later that day, RGB clarified to Bursa Malaysia that it has yet to finalize the appointment of a sponsor and merchant banker to undertake the spin-off listing.

RGB says it will make the necessary announcement once the appointment has been formalized.