HK Stock Market Move | ANACLE (08353) resumes trading with a more than 26% increase, gaining a premium of approximately 37.5% in privatization.

ANACLE (08353) resumed trading with a high opening of over 26%, as of the time of writing, it has risen by 26.25% to 1.01 Hong Kong dollars, with a trading volume of 681,800 Hong Kong dollars. On the news front, on March 3rd, ANACLE and the offeror Management Reports International Pte Ltd jointly announced that on March 3, 2025 (before trading hours), the offeror requested the board of directors to present the proposal to the planned shareholders and warrant holders, which involves: the offeror proposing to privatize the company through the proposed acquisition of all planned shares in accordance with Section 210 of the Companies Act; and making a tender offer for the warrants in accordance with Rule 13 of the Takeovers Code, which will only take effect after the terms of the plan are met. The proposed offer price for each planned share is 1.10 Hong Kong dollars, representing a premium of approximately 37.5% over the closing price of 0.80 Hong Kong dollars per share on the last trading day of February 28, 2025. It is reported that the offeror was established in Singapore on October 2, 1997, and is a wholly-owned subsidiary of MRI, mainly engaged in real estate software business. MRI is a global supplier of real estate software applications and hosting solutions. MRI's specialized software helps address the unique operational challenges and financial accounting requirements faced by commercial and residential real estate management operators, real estate sales and leasing agencies, real estate investment management companies, and facility management companies.