Changes in Hong Kong stocks | Gacos-B (01167) rose more than 11% and recently received 125 million yuan from Haisong Capital to pay the head of the company's previous sale of non-core projects

The Zhitong Finance App learned that Gacos-B (01167) rose by more than 11%. As of press release, it had risen 10.28% to HK$8.69, with a turnover of HK$73.823,300.

According to the news, Gacos recently announced that it has received a down payment of 125 million yuan from Haisong Capital for its capital increase agreement and equity transfer agreement. The receipt of this down payment has further filled the Group's cash reserves and will also help advance the Group's subsequent research and development of innovative oncology therapy pipelines.

According to reports, Gacos announced in October that it had signed a capital increase and equity transfer agreement with Haisong Capital and an industrial partner. According to this agreement, Haisong Capital will use RMB 125 million of the head of state payment and a milestone payment of 75 million yuan to acquire 80% of Gacoricom's shares in Beijing. After completion, Beijing Gacos's shareholding in Gacrecon will be reduced to 10%. According to the announcement, the deal is in line with the Group's strategic development of key pipeline products in the tumor direction focusing on different key cellular pathways.