HK Stock Market Move | BRIGHT FUTURE (01351) resumed trading with a high open of over 95%, change in controlling interest, and received a discount of approximately 41.18% for the full purchase offer.

BRIGHT FUTURE (01351) resumes trading with a high opening of over 95%, as of the time of writing, it rose by 95.29% to HK$0.83, with a turnover of HK$410,000. On the news front, Bright Future announced that Chairman Dong Hui and Executive Director Yang Dengfeng collectively sold 53.65% of the shares to independent third party Jiang Huanyang (offeror), involving 321 million shares, for a cash price of HK$80.47 million, equivalent to a price of HK$0.25 per share. After completion, the offeror must propose a mandatory general offer with a cash price of HK$0.25 per share, a discount of 41.18% from the suspension price. After the offer closes, the offeror intends to continue the group's main business and maintain the company's listing status.