HK Stock Market Move | ANE(09956) rose more than 16% during trading hours, Da Zhong Capital and Temasek Consortium have proposed a possible privatization suggestion.

ANE (09956) rose more than 16% during trading hours. As of the time of writing, it increased by 10.01% to HKD 9.56, with a trading volume of HKD 1.47 billion. In terms of news, ANE recently announced that an investor consortium led by Dadong Capital, Temasek, and Temujin Capital has proposed a possible conditional privatization plan for ANE. Privatization could lead to ANE delisting from the Hong Kong Stock Exchange. As of the date of this announcement, Dadong Capital holds approximately 24.32% of ANE shares, while Temasek and Temujin Capital do not hold any shares of ANE. Public records show that Dadong Capital's investment in ANE began in December 2019. Dadong Capital has supported ANE's network expansion and digital upgrades through multiple rounds of financing and is currently ANE's largest institutional shareholder. Additionally, Dadong Capital is deeply involved in ANE's governance and strategic adjustments.