[Stock Movement] LEOCH INT'L surges over 20%, plans to spin off business for U.S. listing
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LEOCH INT'L plans to spin off Leoch Energy for a listing in the United States, with the stock price rising by as much as 25.8%, reaching a high of HKD 2.05, and ultimately increasing by 23.9%, with a transaction volume of HKD 10.4 million. The company has received approval from the Hong Kong Stock Exchange for the spin-off, which will be realized by distributing shares of Leoch Energy Inc to shareholders. Upon completion, Leoch Energy Inc will be independently listed
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