Changes in Hong Kong stocks | Jujing Holdings (08450) resumed trading and soared by more than 100% and received a premium of about 39.53% from the offeror and a full purchase offer

The Zhitong Finance App learned that the resumption of trading of Jujing Holdings (08450) soared by more than 100%. As of press release, it had risen 102.33% to HK$0.087, with a turnover of HK$1,694,900.

According to the news, Jujing Holdings issued an announcement stating that the offender Lu Yujian acquired 560 million shares from Executive Director and Chairman of the Board of Directors Chen Zengtie, accounting for 56% of the total issued share capital, at a total cash cost of HK$33.6 million. After completion, the offeror and its co-actors held about 56% of the issued share capital. Therefore, the offeror is required to make a full purchase offer as usual. The cash offer price is HK$0.06 per share, which is a premium of about 39.53% over the closing price of HK$0.043 before the suspension of trading. The offender intends to maintain the listing status of the shares on the Stock Exchange GEM after the end of the offer.