HK Stock Market Move | LEOCH INT'L (00842) plunges more than 60%, subsidiary plans to list in the US. Today is the first day of trading shares according to the ex-rights benchmark.

LEOCH INT'L (00842) plunged more than 60%, as of the time of publication, falling by 62.65% to HK$0.93, with a trading volume of HK$11,709,900. On the news front, LEOCH INT'L announced that the shareholders' meeting approved the proposal to split the company for a US stock market listing. It is reported that on December 30, 2025, Leoch Energy Inc proposed the split and submitted Form 20-F registration statement to the U.S. Securities and Exchange Commission. According to previous announcements, the deadline for trading shares based on the rights basis is January 8, 2026, and January 9 is the first day of trading shares based on the ex-rights basis. The announcement states that the company currently holds 100% of the issued shares of the split company. It is expected that after the listing is completed, the company will no longer hold any shares of the split company, which will be completely divested from the company and merged. Therefore, the group will no longer recognize the assets and liabilities of the split company group in the consolidated financial statements.