HK Stock Market Move | LIFESTYLE CHI (02136) resumes trading with a drop of more than 15%, the privatization cancellation price has been raised to HK$0.98. The company stated that the price will not be further increased.

LIFESTYLE CHI (02136) resumed trading with a opening price lower by more than 15%, falling by 15.31% to 0.83 Hong Kong dollars as of the time of writing, with a trading volume of 1.6882 million Hong Kong dollars. On the news front, LIFESTYLE CHI announced that chairman Liu Luanhong (the offeror) proposed to increase the privatization cancellation price from 0.913 Hong Kong dollars per share to 0.98 Hong Kong dollars, a 7.3% increase from the original cancellation price. The announcement stated that the offeror has requested the company to submit the revised proposal to the intended shareholders. The offeror will not further increase the revised cancellation price nor retain the right to do so. Shareholders and potential investors should note that after this statement, the offeror will not be able to increase the revised cancellation price. It is worth noting that the privatization news of the company has sparked controversy, with small shareholders expressing dissatisfaction with LIFESTYLE CHI's major shareholder Liu Luanhong, believing that the privatization price is too low.