BUZZ-Power solutions group Leoch at near 2-year peak on spinoff, US listing plan

Reuters

2025/02/13

** Shares of power solutions group Leoch International Technology Ltd 0842.HK jump 26.4% to HK$2.06, their highest since March 2023, and on course for third consecutive session of gains

** Stock on track for the biggest one-day pct rise since July 2021, if gains hold; top gainer on the Hong Kong bourse

** Leoch said Hong Kong Stock Exchange has approved its plan to spin off and seek a separate listing of its power batteries distribution business, Leoch Energy Inc, on a U.S. Exchange

** Hang Seng Commerce & Industry Index .HSNC rises 1% and Hang Seng Index .HSI adds 0.9%

** Stock rose 26% last year

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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top gainer on the Hong Kong bourse** Leoch said Hong Kong Stock Exchange has approved its plan to spin off and seek a separate listing of its power batteries distribution business, Leoch Energy Inc, on a U.S. Exchange ** Hang Seng Commerce & Industry Index .HSNC rises 1% and Hang Seng Index .HSI adds 0.9%** Stock rose 26% last year    ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1116":"电气部件与设备","BK1540":"电池","00842":"理士国际"},"translate_title":"BUZZ-Power solutions集团理士分拆和美国上市计划接近两年来的峰值","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00842":0.9},"content_text":"BUZZ-Power solutions group Leoch at near 2-year peak on spinoff, US listing plan** Shares of power solutions group Leoch International Technology Ltd 0842.HK jump 26.4% to HK$2.06, their highest since March 2023, and on course for third consecutive session of gains ** Stock on track for the biggest one-day pct rise since July 2021, if gains hold; top gainer on the Hong Kong bourse** Leoch said Hong Kong Stock Exchange has approved its plan to spin off and seek a separate listing of its power batteries distribution business, Leoch Energy Inc, on a U.S. Exchange ** Hang Seng Commerce & Industry Index .HSNC rises 1% and Hang Seng Index .HSI adds 0.9%** Stock rose 26% last year   (Reporting by Donny Kwok) ((donny.kwok@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,corporation,event","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}