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There are still variables in Motorola's spin off

2022-08-16

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in view of Motorola's plan to spin off into two listed companies next year, yesterday, the company learned from Motorola China that due to its low cost performance, there are still many constraints in the spin off plan, and it is still uncertain that it can be completed according to the plan

on February 11 this year, Motorola announced that it plans to complete the spin off in the first quarter of 2011, when Motorola will be split into two independent listed companies. One of them is composed of mobile terminals and home broadband services that are currently classified and recycled for low value-added recyclables; The other includes company 3, the enterprise mobile solutions and networking business of the hard and brittle materials division, which will provide an integrated product line of end-to-end products and solutions

however, this spin off plan with GFRP accounting for 25.8% is not certain. Motorola said that whether the spin off can be completed depends on many conditions, such as the confirmation of the tax-free nature of the transaction and the effectiveness of the registration statement submitted to the U.S. Securities and Exchange Commission for filing. Beijing Times