Neueon Corporation Limited (formerly Neueon Towers Limited) has incorporated a Wholly Owned Subsidiary namely Neueon Power Limited on December 19th, 2025 as per attached letter.
Awaiting price reaction for this filing.
Neueon Corporation Limited (formerly Neueon Towers Limited) has set up a new wholly owned subsidiary named Neueon Power Limited on December 19, 2025. As it is a 100% owned subsidiary, the new entity will be fully controlled by Neueon Corporation with no external shareholders. The letter has been submitted to the stock exchanges as a regulatory disclosure. The specific business purpose or capital infusion details for Neueon Power Limited have not been disclosed in this filing.
This is a routine corporate restructuring step and is unlikely to have a direct impact on the share price. Shareholders should watch for further disclosures regarding the subsidiary's business plans, capital allocation, and any future financial contributions to consolidated results.