LEOCH INT'L (00842) Surges Nearly 10% Again Following Announcement of Subsidiary Spin-off and US Listing

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LEOCH INT'L (00842) surged nearly 10% again. As of the time of writing, the stock was up 9.42%, trading at HK$2.09, with a turnover of HK$10.0879 million. On December 31, the company announced an update regarding the proposed spin-off of its subsidiary, Leoch Energy, and its separate listing in the United States. The announcement stated that the spin-off company had submitted a registration statement to the U.S. Securities and Exchange Commission on December 30, 2025. As of the date of this announcement, the company directly holds 100% of the issued shares of the spin-off company. It is expected that upon completion of the listing, the company will no longer hold any shares in the spin-off entity, which will be completely divested and deconsolidated from the company's accounts. Consequently, the Group will derecognize the assets and liabilities of the spin-off company group from its consolidated financial statements.

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