Huayin International Holdings (00989) resumed trading at 1 p.m., and once soared by over 119 percent. The stock price has now risen 114.29% to HK$0.090, with a turnover of HK$736,96 million.
Huayin International Holdings announced that on April 25, the company signed a loan capitalization agreement with the subscriber. The company will issue a total of 5.06 billion capitalized shares to the subscribers at HK$0.05 per share. The total cost payable by the subscribers is HK$253 million. The loan will be repaid by capitalizing and offsetting all of the loans on an equal basis upon completion of the agreement. The capitalized price is HK$0.05 per share, a premium of approximately 19.05% over the closing price of the shares on April 25 (that is, the date of the loan capitalization agreement).