Hengwan Technology(01523.HK) plans to spin off and list the spun-off entity independently on NASDAQ

NightAirdropper · 2026-02-27T08:25:46+00:00

Hengwan Technology announces plans to spin off its entity for independent listing on NASDAQ, having submitted a proposal to the Stock Exchange and received approval. The spin-off will be completed through a proportional distribution of shares to shareholders, and the spun-off entity will become an independent publicly listed company. Non-qualifying shareholders will not participate in this spin-off.

NightAirdropper

2026-02-27 08:25:46

Abstract generation in progress

Gelonghui, February 25 — Hengwan Technology (01523.HK) announced that the company is seeking to spin off its split entity and list it independently on Nasdaq. The company has submitted a proposal regarding the proposed spin-off to the Stock Exchange of Hong Kong under Rule 15, and the exchange has approved the company to proceed with the proposed spin-off.

The proposed spin-off will be carried out by distributing all shares of the split entity held by the company to shareholders on a pro-rata basis in kind, after which the common shares of the split entity will be independently listed on Nasdaq. As of the date of this announcement, the split entity is a wholly owned subsidiary of the company; after the completion of the proposed spin-off, the split entity will be separated from the company, forming an independent listing structure, and shareholders (excluding non-qualifying shareholders) will have the right to hold shares in both the company and the split entity.

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