Yankuang Energy to Spin Off Subsidiary Through Hong Kong Listing; Shares Down 3%

MT Newswires Live

03/30

Yankuang Energy (HKG:1171, SHA:600188) proposed to spin-off its subsidiary, Wubo Technology, by separately listing it on the Hong Kong Stock Exchange, according to a Hong Kong filing on Saturday.

The Chinese energy company's Hong Kong shares dropped 3% during Monday's morning trade.

The company submitted an application to the Hong Kong bourse for the proposed spin-off.

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