Leoch Shelves Planned U.S. Spin-Off amid Market and Regulatory Headwinds
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Leoch International Technology Limited has announced that its subsidiary, SpinCo, will not proceed with a planned spin-off and U.S. listing due to unfavorable market and regulatory conditions. Instead, SpinCo will revise its financing strategies and seek alternative growth opportunities. The parent company expressed gratitude to prospective investors and shareholders, indicating ongoing engagement with stakeholders. The latest analyst rating for Leoch stock (HK:0842) is a Hold with a price target of HK$0.73. Leoch is a battery manufacturer based in the Cayman Islands, listed in Hong Kong, with a market cap of HK$764.5M.
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