Leoch International Technology Limited (stock code: 842) released an update regarding its proposed spin-off and distribution of shares in Leoch Energy. The announcement states that additional time is needed to obtain approvals from U.S. authorities, leading to a further revision of the expected timetable.
According to the revised schedule, dealing in Leoch Energy shares is anticipated to commence on Tuesday, 31 March 2026 (New York time). The distribution of these shares is now targeted to occur on Tuesday, 31 March 2026 (New York time) or Wednesday, 1 April 2026 (Hong Kong time). The record date and the latest time for lodging the DTC Account Information Form remain unchanged, and thus the identities of qualifying shareholders entitled to the proposed distribution have already been confirmed.
The announcement emphasizes that the proposed spin-off and distribution continue to be subject to approvals from relevant U.S. authorities, final decisions by the boards involved, and prevailing market conditions. Shareholders and potential investors are advised to closely monitor any future updates on the timetable, as there is no assurance on whether or when the proposed transactions will be finalized.