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Yankuang Energy Unit Wubo Technology Files for Hong Kong IPO

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Yankuang Energy (HKG:1171, SHA:600188) said its non-wholly owned subsidiary, Wubo Technology, submitted an application for a listing on the Hong Kong Stock Exchange's main board, according to a Tuesday bourse filing.

The smart logistics and supply chain services provider remains a subsidiary of Yankuang Energy, which directly holds a 45% stake and controls 48.01% of its voting rights, the filing said.

Upon completion of the proposed spin-off, Wubo Technology will remain a consolidated subsidiary of the company.

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