HK Stock Market Move | WASION HOLDINGS (03393) rose nearly 3% recently. There is a proposal to spin off Veolia Energy and list it separately on the main board of the Hong Kong Stock Exchange.

WASION HOLDINGS (03393) rose nearly 3% and, at the time of writing, was up 2.13%, trading at HK$23.96 with a turnover of HK$60.36 million. In terms of news, recently, WASION HOLDINGS announced that the company has submitted a proposal to Hong Kong Stock Exchange for a proposed spin-off in accordance with Listing Rule 15 guidance. The Hong Kong Stock Exchange has confirmed that the company can proceed with the proposed spin-off. On January 27, 2026, Weiyuan Energy submitted an application form (Form A1) to the Hong Kong Stock Exchange through its exclusive sponsor for listing on the main board of the Hong Kong Stock Exchange. The proposed spin-off is currently planned to be conducted by a global offering of shares of Weiyuan Energy on the main board of the Hong Kong Stock Exchange. As of the date of this announcement, Weiyuan Energy is a non-wholly owned subsidiary of the company, focusing on providing digital energy solutions in the three core areas of smart distribution networks, data centers, and new energy storage, and has established a solid position in the Chinese market with a continuously expanding global footprint. Following the completion of the proposed spin-off, it is expected that Weiyuan Energy will remain a subsidiary of the company.