Changes in Hong Kong stocks | Huaxia Culture Technology (01566) soared by nearly 300%. The creditor plan came into effect and all guidelines for resuming trading were reached

The Zhitong Finance App learned that Huaxia Culture Technology (01566) resumed trading today and soared by nearly 300%. As of press release, it had risen 278.43% to HK$1.93, with a turnover of HK$456.841 million.

According to the news, on the evening of August 14, Huaxia Culture Technology announced that it had reached all the resumption guidelines set out in the resumption guidelines and was accepted by the Stock Exchange. The Group has suspended trading since November 21, 2024. Since all guidelines for resuming trading have been met, it has applied to the Stock Exchange to resume trading of shares starting at 9:00 a.m. today.

Additionally, the Group and KYOSEI-BANK CO., LTD. According to a joint announcement, the subscription agreement has been completed and the creditor plan has come into effect. The board of directors confirmed that at least 25% of the total issued share capital is held by members of the public, so the minimum public shareholding requirement in the listing rules has been met.