Leoch International Steps Back From US Spin-off of Battery Unit

MT Newswires Live

04/02

Leoch International Technology (HKG:0842) said it was no longer proceeding with the spin off and U.S. listing of its Leoch Energy unit, according to a Hong Kong bourse filing Wednesday.

Shares of the power supply services provider rose 57% in morning trade Thursday.

The firm said it was stepping away from the spin-off in light of the prevailing market and regulatory conditions.

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