The Zhitong Finance App learned that Red Star Macalline (01568) A shares rose and stopped. At one point, H shares rose nearly 7%. As of press release, they had risen 4.65% to HK$1.8, with a turnover of HK$7.269,600.
According to the news, Red Star Macalline issued an update notice on the proposed acquisition. On February 6, Xiamen C&D, MediaTek Group, Red Star Macalline Holdings, Che Jianxin, and Shanghai Toukai (Shanghai Toukai is a subsidiary of Red Star Macalline Holdings) signed the fifth supplementary agreement to the formal agreement. According to the Fifth Supplementary Agreement, the parties agreed to pay the remaining RMB 200 million for the second phase of the proposed acquisition, of which Xiamen C&D agreed to pay RMB 125.8 million. Since Red Star Macalline Holdings has transferred the debt to Shanghai Toukai, the above payments will be made to Shanghai Toukai by mutual agreement between the parties.
Earlier, C&D Co., Ltd. issued a draft major asset purchase report. The listed company and subsidiary MediaTek Group paid 6.29 billion yuan in cash to purchase 29.95% of Macalline's shares held by Red Star Holdings. After the transaction is completed, Macalline will become a holding subsidiary of the listed company.