HK Stock Market Move | AFFLUENT FDN (01757) resumed trading and rose nearly 20% after China Venture Capital Holdings acquired 75% of the shares and offered a cash offer at a discount of about 79.06%.

After the resumption of trading, AFFLUENT FDN (01757) rose by nearly 20%, as of the press release, it rose by 14.12% to HK$0.485 with a turnover of HK$624.79 million. In terms of news, AFFLUENT FDN and the offeror, China Venture Capital Holdings Limited, jointly announced that on October 15, 2025, the seller Oriental Castle Group Limited, the guarantor, and the offeror entered into a purchase agreement. The seller agreed to sell and the offeror agreed to purchase the shares for sale, which is 9 billion shares, equivalent to 75% of the total issued share capital of the company on the date of this joint announcement, for a total cash consideration of HK$80 million (i.e. HK$0.089 per share for the shares for sale). The offeror has fully paid for the shares for sale through the financing provided by the offeror. The completion was immediate after the signing of the purchase agreement. Following the completion, the offeror and its persons acting in concert own 9 billion shares, accounting for 75% of the total issued share capital of the company, and the seller is no longer a shareholder. Following completion, the offeror and its persons acting in concert own 9 billion shares, accounting for 75% of the total issued share capital of the company. In accordance with Rule 26.1 of the Takeover Code, the offeror is required to make a mandatory unconditional cash offer for all issued shares (excluding the shares already owned or agreed to be acquired by the offeror and its persons acting in concert). The offer price for each share under the offer is HK$0.089 in cash, representing a discount of approximately 79.06% from the closing price of HK$0.425 per share on the last trading day on the Stock Exchange of Hong Kong.