Changes in Hong Kong stocks | Goodboy International (01086) was privatized by nearly 15% at the Chairman's premium of about 38.89%

The Zhitong Finance App learned that Goodboy International (01086) opened nearly 15% higher. As of press release, it rose 14.81% to HK$1.24, with a turnover of HK$1,6393 million.

According to the news, Goodboy International and the offender Crystal Aurora International Ltd., jointly announced that the offender plans to privatize the company through a planned arrangement. The cancellation price for each planned share is HK$1.5, which is a 38.89% premium over the closing price of HK$1.08 of the shares on September 25. According to the proposal and the share option offer, the maximum cash consideration payable by the offeror would be approximately HK$1,322 million. Immediately after the plan comes into effect, the company will apply to withdraw the listing status of its shares on the Stock Exchange.

According to reports, the offender was wholly owned by Song Zheng. Song Zheng is also the chairman and executive director of the company, responsible for the effective operation of the board of directors and leading the group's business strategy. He also served as the company's CEO from November 24, 2010 to January 15, 2016. Song Zheng is also the founder of the group and has over 30 years of experience in the children's products industry.