LEOCH INT'L(00842): The listing application for the spin-off company is currently undergoing review by the US authorities.
Richstone International (00842) announced that it is considering a proposal for a spin-off and a proposal for a distribution. Effective December 19, 2025, Nasdaq Rule IM-5101-3 introduced a risk-based framework that allows Nasdaq to conduct enhanced reviews of certain initial listing applications after considering factors such as the applicant's business, third-party actors, and jurisdictional considerations. In light of recent regulatory updates, it is expected that relevant US authorities may require more time to review certain listing applications.
LEOCH INT'L (00842) announced that regarding the suggestion for demerger and the suggestion for distribution of shares. The Nasdaq Rule IM-5101-3, effective from December 19, 2025, introduced a risk-based framework allowing Nasdaq to conduct enhanced reviews of certain initial listing applications after considering factors such as the applicant's business, third-party actors, and jurisdiction considerations. Due to recent regulatory updates, it is expected that U.S. authorities may need more time to review certain listing applications.
The demerger company submitted a registration statement for the proposed demerger to the relevant U.S. Securities and Exchange Commission on December 20, 2025, via a public 20-F form. The listing application of the demerger company is currently under review by U.S. authorities.
Related Articles
HK Stock Market Move | WASION HOLDINGS (03393) rises by over 6% again, with full-year profit exceeding market expectations. Entering the Hong Kong Stock Connect can accelerate the reflection of valuation.
Zhongtai: The sports event operation industry is still in its early stages. It is recommended to continue to pay attention to asset integration and mergers and acquisitions in the sports industry chain.
HK Stock Market Move | LAEKNA-B(02105) surged over 6% again LAE102 Phase I SAD study in the United States achieved positive results
HK Stock Market Move | WASION HOLDINGS (03393) rises by over 6% again, with full-year profit exceeding market expectations. Entering the Hong Kong Stock Connect can accelerate the reflection of valuation.
Zhongtai: The sports event operation industry is still in its early stages. It is recommended to continue to pay attention to asset integration and mergers and acquisitions in the sports industry chain.
HK Stock Market Move | LAEKNA-B(02105) surged over 6% again LAE102 Phase I SAD study in the United States achieved positive results
RECOMMEND
Local Policies Experiment With “Lobster” AI Agents Accelerate Into The Agent Era But Security Risks Remain
10/03/2026
Hong Kong And Macau Join Billion‑Level Guidance Fund Initiative Hong Kong Sets Return‑Investment KPI Macau Targets MOP 20 Billion
10/03/2026
Southbound Capital Sells Heavily Yet Hang Seng Tech Advances How Do Fund Managers Interpret It
10/03/2026
