HK Stock Market Move | Chuang Sheng Holdings (02680) soared by over 50% again, its stock price doubled in two trading days, planning to receive a premium of about 6% to launch a full purchase offer.

Chuangsheng Holdings (02680) surged over 50% again. The stock resumed trading yesterday, and its price doubled in just two trading days. As of the time of writing, it has risen 50% to HK$12, with a turnover of HK$30.239 million. On the news front, on the evening of October 10, Chuangsheng Holdings announced that chairman Zhong Zhiwen will transfer 75% of his shares to the independent third party Wang Ting, involving 45 million shares, for a total price of HK$270 million. After completion, a mandatory general offer will be made at a cash price of HK$6 per share, representing a premium of 6.01% over the last trading price before the suspension. The offeror intends to maintain the company's listing status on the Hong Kong Stock Exchange. In addition, the company announced that it expects to achieve a surplus and comprehensive income of approximately HK$15 million to HK$20 million for the six months ending August 31, 2025, while it incurred a loss and comprehensive expenses of approximately HK$22.9 million for the six months ending August 31, 2024.