Wasion Moves Ahead With Planned Spin-Off and HK Listing of Digital Energy Arm Wayon Energy
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Wasion Holdings Limited has received approval from the Hong Kong Stock Exchange for a spin-off and separate listing of its digital energy subsidiary, Wayon Energy Technology. The listing application has been submitted, and the transaction will involve a global offering of Wayon Energy shares. Wasion shareholders will have assured entitlements to these shares, but details on the offering size and structure are pending. Completion is subject to regulatory approvals. The current analyst rating for Wasion Holdings is a Buy with a price target of HK$24.50.
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