Changes in Hong Kong stocks | Stress Holdings (02663) increased its increase by more than 30% in the afternoon and changed its controlling interest and received a discount of about 13.8% to make a full purchase offer

The Zhitong Finance App learned that Stress Holdings (02663) strengthened sharply after resuming trading today, and the increase increased by more than 30% in the afternoon. As of press release, it rose 29.6% to HK$0.81, with a turnover of approximately HK$22.75 million.

According to the news, on the evening of November 4, Stress Holdings issued an announcement stating that it had invited Daxiang Energy Holdings to acquire approximately 397.19 million shares from Chairman Ye Baixiong and CEO Wei Rijian and Cheng Ying (seller), which is equivalent to about 71.32% of the total issued share capital, with a total cash cost of about HK$213.97 million. The offender purchased 8.82 million BS sales shares without any property rights from Wei Rijian and Hu Yuzhen, which is equivalent to about 1.58% of the total issued share capital, at a total cash cost of HK$4.7513 million.

Immediately after completion, the offeror and those acting in concert are required to make mandatory unconditional cash offers for all issued shares. The cash offer price is HK$0.5387 per share, a discount of approximately 13.8% from the closing price of HK$0.625 before the suspension of trading. The offender is owned by Hu Rong. The offeror intends to maintain the company's listing status on the Stock Exchange.