Zhitong Financial APP learned that Huayu Expressway (01823) opened more than 13% higher in early trading and rose 13.13% to HK $1.81 as of press time, with a turnover of HK $3620.
On the news side, the company announced that on June 29, 2023 (after trading hours on the Stock Exchange), the buyer's subsidiary Shenzhen Huayu Wine Development Co., Ltd., the seller Shenzhen Huayu Investment and Development (Group) Co., Ltd., Chen Yangnan and the target company Huajia Liquor (Shenzhen) Co., Ltd. entered into an equity transfer agreement. The buyer conditionally agrees to the acquisition and the seller conditionally agrees to sell the sales interest (65% stake in the target company) at a consideration of RMB 315 million.