Changes in Hong Kong stocks | COFCO Jiajiakang (01610) rose more than 4% and recently plans to merge its wholly-owned subsidiary Zhuo Trading Co., Ltd.

The Zhitong Finance App learned that COFCO Jiajiakang (01610) rose by more than 4%. As of press release, it had risen 3.77% to HK$1.1, with a turnover of HK$8.4737 million.

According to the news, COFCO Jiajiakang issued an announcement. On September 24, 2026, it approved (among others) a proposal to merge Zhuomao Limited (a British Virgin Islands commercial company incorporated in the British Virgin Islands and a direct wholly-owned subsidiary of the Company) and merge it into the company. The Company will become a surviving company and will continue to exist without interruption as the same legal entity incorporated in the Cayman Islands. Once the merger becomes effective, the merged company will no longer exist as a separate legal entity.

The merger is an internal reorganization within the Group. The merger will cancel the merged company's separate corporate entity, and the company will directly inherit its assets and liabilities. The agreement does not involve a transfer of business or assets outside of the Group, nor does it alter the Group's ultimate economic interest in such business or assets. The merger aims to simplify the Group's corporate structure, reduce administrative and corporate maintenance costs associated with maintaining independent subsidiaries, and improve management efficiency.