HK Stock Market Move | After the resumption of trading, COASTAL GL(01124) rose by more than 37%, intending to receive a full purchase offer from S2800 Trust.

COASTAL GL (01124) resumed trading and rose over 37%, reaching a 33.9% increase as of the announcement, with the price at 0.395 Hong Kong dollars and a total trading volume of 6.3017 million Hong Kong dollars. On the news front, on October 17, COASTAL GL announced that on September 22, 2025, the company was informed by the seller Coastal International Holdings Limited that the seller intends to enter into a sale and purchase agreement with the offeror Tao Qian Limited (as the buyer) by the end of October 2025. In accordance with this, the seller intends to sell the sale shares (i.e. a total of 153,126,197 shares, representing approximately 36.93% of the company's total issued share capital on the announcement date) and the sale loan to the offeror. The announcement stated that the company was informed that as of the announcement date, the offeror was still conducting due diligence on the company, and as such, the two parties have not yet entered into a formal sale and purchase agreement. In accordance with Rule 26.1 of the Takeover Code, upon completion, the offeror must make a mandatory conditional cash offer for all of the company's issued securities (excluding those held or agreed to be acquired by the offeror and its concerted parties).