Yankuang Energy Receives Hong Kong Exchange Approval for Kasong Technology's NEEQ Listing

Stock News02-13

Yankuang Energy (01171) has announced that its proposed spin-off of its controlling subsidiary, Kasong Technology Co., Ltd., for listing on the National Equities Exchange and Quotations (NEEQ), commonly known as the "New Third Board," has received approval from the Hong Kong Stock Exchange. The company had submitted an application for the proposed spin-off to the Hong Kong Stock Exchange. The board of directors is pleased to announce that the exchange has granted approval for the application under Practice Note 15 of the Hong Kong Listing Rules. Currently, Yankuang Energy has obtained a letter of consent from the National Equities Exchange and Quotations Co., Ltd., approving the public transfer of Kasong Technology's shares and its listing on the NEEQ.

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