HK Stock Market Move | GAIN PLUS HLDGS (09900) resumed trading this morning, with its stock price surging 93% in the afternoon. The discount rate for the full purchase offer is about 60.10%.

GAIN PLUS HLDGS (09900) resumed trading this morning and surged over 93% in the afternoon, reaching a price of 3.9 Hong Kong dollars, with a trading volume of 2.4616 million Hong Kong dollars. On the news front, GAIN PLUS HLDGS announced that Chairman Ceng Zhaoqun and shareholder Dingxing Investment have sold a total of 32.33% of the company's shares to Asia General (the offeror), involving 120.2 million shares, at a total price of 96.92 million Hong Kong dollars, equivalent to a price of 0.806 Hong Kong dollars per share. After completion, the offeror and its concerted parties will hold a total of 36.23% of the company's shares and are required to launch a mandatory comprehensive offer at a cash price of 0.806 Hong Kong dollars per share, representing a 60.1% discount to the pre-suspension closing price and involving a maximum cash amount of approximately 203 million Hong Kong dollars. After completion, the offeror intends to maintain the listing of the shares on the Stock Exchange.