HK Stock Market Move | IDT Int'l (00167) resumed trading with a surge of over 47%, receiving a discount of approximately 68.90% on the full purchase offer.

IDT INT'L (00167) resumed trading and surged over 47%, closing at 2.82 HKD with a trading volume of 2.1247 million HKD. In terms of news, IDT INT'L announced that Hong Kong Hengli Technology and Horizon Heights (joint offerors) will acquire 312 million shares of the company from the receiver at a price of approximately 1.85 billion HKD, equivalent to 0.5941 HKD per share. After completion, the joint offerors and their concerted parties will collectively hold 72.1% of the company's shares and are required to make a mandatory general offer at a cash price of 0.5941 HKD per share, representing a discount of 68.90% to the pre-suspension closing price. Subsequently, the joint offerors intend to maintain the listing status of their holdings.