Wasion Moves Ahead With Planned Spin-Off and HK Listing of Digital Energy Arm Wayon Energy

Wasion Holdings Limited ( (HK:3393) ) has issued an announcement.

Wasion Holdings has received confirmation from the Hong Kong Stock Exchange to proceed with a proposed spin-off and separate Main Board listing of its digital energy subsidiary, Wayon Energy Technology, and Wayon Energy has submitted a listing application via its sole sponsor. The transaction is planned to be executed through a global offering of Wayon Energy shares, after which Wayon Energy is expected to remain a subsidiary of Wasion, with qualifying Wasion shareholders to be granted assured entitlements to Wayon Energy shares via a preferential offering, although key terms such as offering size, structure and post-listing shareholding have yet to be finalised and completion remains subject to regulatory approvals and final corporate decisions, prompting the company to caution investors that there is no certainty on timing or occurrence of the spin-off.

The most recent analyst rating on (HK:3393) stock is a Buy with a HK$24.50 price target. To see the full list of analyst forecasts on Wasion Holdings Limited stock, see the HK:3393 Stock Forecast page.

More about Wasion Holdings Limited

Wasion Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the digital energy and power solutions industry. Through its non-wholly owned subsidiary Wayon Energy Technology Co., Ltd., the group focuses on digital energy solutions across three core segments: smart distribution grids, data centres and new energy storage, with a well-established presence in the mainland China market and a growing international footprint.

Average Trading Volume: 2,922,125

Technical Sentiment Signal: Buy

Current Market Cap: HK$23.05B

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