Edico Holdings (08450) resumed trading and skyrocketed by over 100%, as of the time of publication, it surged by 102.33%, closing at 0.087 Hong Kong dollars, with a turnover of 1.6949 million Hong Kong dollars.
According to the Wise Financial APP, Edico Holdings (08450) resumed trading and surged by over 100%, as of the time of publication, it surged by 102.33%, closing at 0.087 Hong Kong dollars, with a turnover of 1.6949 million Hong Kong dollars.
On the news front, Edico Holdings announced that the offeror Mr. Lü Yujian will acquire 0.56 billion shares from Executive Director and Chairman of the Board of Directors, Chen Zengtie, representing 56% of the total issued share capital, at a total cash consideration of 33.6 million Hong Kong dollars. Upon completion, the offerer and its concerted parties will hold approximately 56% of the total issued share capital. Therefore, the offeror must make a general offer according to regulations, with a cash offer price of 0.06 Hong Kong dollars per share, representing a premium of approximately 39.53% over the closing price of 0.043 Hong Kong dollars before the trading suspension. The offeror intends to maintain the listing status of the shares on the GEM of the Stock Exchange after the deadline of the offer.
