HK Stock Market Move | DICKSON CONCEPT (00113) resumed trading with a close to 44% opening gain, receiving a premium of approximately 50.63% from PANDI Corporation to privatize.

DICKSON CONCEPT (00113) resumed trading with a sharp opening at nearly 44% higher. As of the time of writing, it rose by 43.93% to 6.88 Hong Kong dollars, with a trading volume of 1.6822 million Hong Kong dollars. On the news front, DICKSON CONCEPT announced that its major shareholder and Group Chairman and Executive Director, Mr. Pandit Singh, of Bestcity Assets Limited, has proposed to privatize the company through a scheme at a price of 7.2 Hong Kong dollars per share, representing a premium of approximately 50.63% over the closing price of 4.78 Hong Kong dollars per share on the last trading day on the Hong Kong Stock Exchange. If the privatization plan is successful, all scheme shares will be cancelled, and DICKSON CONCEPT will apply to delist from the Hong Kong Stock Exchange shortly after the plan becomes effective.