The resumption of trading of Honghao International Holdings (08375) soared by more than 173%. As of press release, it rose 144.6% to HK$0.34, with a turnover of HK$1,461,100.
The Zhitong Finance App learned that the resumption of trading of Honghao International Holdings (08375) soared by more than 173%. As of press release, it had risen 144.6% to HK$0.34, with a turnover of HK$1,461,100.
According to the news, the company's board of directors was informed by Vertical Technology Investment Limited (potential seller A) and Mr. Wen Haoran (potential seller B), the controlling shareholder of the company, that on December 21, the potential seller signed a memorandum of understanding with Henan Lixuan Internet Technology Co., Ltd. (potential buyer). The potential seller may sell and the potential buyer may buy 187.8 million shares, accounting for 65.22% of the shares issued on the date of this announcement.
The possible transaction (if implemented) would result in a change in control of the company and would trigger a mandatory comprehensive offer under Rule 26 of the Takeovers Code for all issued shares (other than shares already owned or agreed to be acquired by the potential buyer or those acting in concert with them).