HK Stock Market Move | LAI SUN INT'L(00191) resumed trading and surged 100%, now in negotiations with potential buyers for possible sale.

LAI SUN INT'L (00191) resumed trading and rose by 100% at one point. As of the time of writing, it has risen by 56.86% to HK$0.85 with a trading volume of HK$833,800. On November 27th, LAI SUN INT'L and LAI SUN DEV jointly announced that negotiations regarding the proposed sale of interests in Reissun Garment and LAI SUN DEV to potential buyers were ongoing. As of the joint announcement date, the negotiations are still ongoing. The terms and conditions of the potential transaction have not been finalized, and as of the joint announcement date, no formal agreement has been reached. Therefore, the potential transaction may or may not materialize. According to media reports, JD.com is rumored to be bidding for a 50% stake in Central Building. It was earlier reported that LAI SUN DEV planned to sell a 50% stake in the China Construction Bank Corporation building, and recent reports suggest that JD.com has also joined the bidding with the highest offer among the competitors. JD.com responded to media queries by stating that they do not comment on rumors.