HK Stock Market Move | WASION HOLDINGS (03393) surged by more than 5% to hit a new high, planning to spin off Weiyuan Energy for a listing in Hong Kong. Institutions predict that the company will enter the Hong Kong Stock Connect in March.

WASION HOLDINGS (03393) rose more than 5% in early trading, reaching a high of HK$25.36, setting a new historical high. As of the time of writing, it is up 4.32% at HK$25.1, with a trading volume of HK$46.0488 million. In terms of news, WASION HOLDINGS recently announced a proposal to spin off Weiyuan Energy and list it independently on the main board of the Hong Kong Stock Exchange. Weiyuan Energy had previously brought in strategic shareholder Boyu Investment. Guotou Securities (International) believes that with the expected capital and industry resource cooperation between Weiyuan Energy and Boyu Investment, leveraging Boyu's extensive layout and cross-border investment experience in data centers, technology, and new energy fields, it is expected to effectively empower the company's business expansion and enhance market competitiveness, accelerating the globalization layout. It is worth noting that the Hong Kong Stock Connect list for March 2026 is about to undergo a new round of adjustments. The adjusted list is expected to be announced after the market closes on February 20 and implemented after the market closes on March 6, with the changes taking effect on March 9. Industrial released a research report predicting that WASION HOLDINGS is likely to be included in the Hong Kong Stock Connect list in March.