Changes in Hong Kong stocks | Beijing Construction (00925) resumed trading and received a 220% increase in privatization at a premium of about 250% from Haoming Holdings

The Zhitong Finance App learned that the resumption of trading of Beijing Construction (00925) increased by more than 220%. As of press release, it had risen 220% to HK$0.128, with a turnover of HK$2,554,800.

According to the news, Beijing Construction and the offender Haoming Holdings Co., Ltd. jointly announced that on June 17, 2025, the offender requested the board of directors to submit the proposal to the planned shareholders. The content of the proposal was to privatize the company through a planned arrangement in accordance with section 99 of the Company Law. Shares held by the controlling shareholder on the record date (including (if applicable) any sales shares acquired by the offeror under the share purchase agreement) will not form part of the plan shares and will not be cancelled.

The recommendation will be implemented in a planned manner. According to the plan, plan shares will be cancelled in exchange for a cancellation price of HK$0.140 per plan share paid in cash. The cancellation price is approximately 250.00% premium over the closing price of HK$0.040 per share reported on the Stock Exchange on the last trading day.

As a challenging market environment puts pressure on the company's performance, this recommendation will help the company implement its long-term strategy. The company has lost its advantage as a listed platform, and its ability to finance equity is limited. The proposal will help streamline the company's governance, corporate and equity structure, improve management efficiency and save costs.

Given the low liquidity of transactions, the proposal provides planned shareholders with an exit opportunity. The proposal provides plan shareholders with an opportunity to cash out their investments in the company at a premium.