Leoch International Advances U.S. Spin-Off of Leoch Energy With SEC Filing
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Leoch International Technology Limited has announced the advancement of its U.S. spin-off of Leoch Energy Inc. with the filing of a Form 20-F registration statement with the SEC. The filing reveals projected revenue growth from $694.98 million in 2023 to $870.34 million in 2024. Following the spin-off, Leoch International will no longer hold shares in Leoch Energy, impacting its balance sheet by derecognizing assets and liabilities totaling between $665 million and $745 million. Analysts rate Leoch International stock as a Buy with a price target of HK$2.00.
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