Summary by Moomoo AI
SUNART RETAIL made a disclosure announcement regarding a Trade on January 3, 2025. According to Rule 22 of the Hong Kong "Code on Takeovers and Mergers", CICC Financial Trading Limited cleared two derivative contracts related to SUNART RETAIL shares on January 2, 2025.The first Trade involved 528,000 reference shares at a reference price of HKD 1.8395, totaling HKD 971,279.36. The second Trade involved 1,085,500 reference shares at a reference price of HKD 1.9261, totaling HKD 2,090,814.47. After the completion of these two Trades, the number of related derivative instruments held by CICC Financial Trading Limited decreased to zero.CICC Financial Trading Limited is classified as a type (5) connected person related to the offeree company, and these Trades were conducted on its own account. These Trades may be related to a potential mandatory general offer, but no further details are provided in the announcement.