Yankuang Energy (HKG:1171) has received approval from the Hong Kong Stock Exchange for the proposed spin-off of its subsidiary Kasong Science and Technology, according to a Feb. 13 Hong Kong bourse filing.

Kasong Science has also obtained approval from the National Equities Exchange and Quotations to proceed with the public transfer and quotation of its shares on the NEEQ, the filing said.

Following the spin-off, Kasong Science will remain a controlled subsidiary of Yankuang, and its financial results will continue to be consolidated into the group's accounts.