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Leoch International Technology Limited ( (HK:0842) ) has provided an announcement.
Leoch International Technology Limited has announced a proposal for a spin-off and separate listing of its wholly-owned subsidiary, SpinCo, on a U.S. Exchange. The move, which has received initial approval from the Hong Kong Stock Exchange, is subject to several conditions, including shareholder approval and market conditions. This strategic decision aims to create a parallel listing structure, potentially enhancing market visibility and shareholder value by distributing SpinCo shares to existing shareholders.
More about Leoch International Technology Limited
Leoch International Technology Limited is a company incorporated in the Cayman Islands and is listed on the Stock Exchange of Hong Kong. It operates within the technology sector, focusing on the development and distribution of battery products and related technologies.
YTD Price Performance: 1.29%
Average Trading Volume: 406,682
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: HK$2.16B
For a thorough assessment of 0842 stock, go to TipRanks’ Stock Analysis page.