HK Stock Market Move | SEM Holdings (09929) resumed trading and soared 200%. The company received a tender offer from the acquirer to buy all shares at $0.11 per share.

SEM Holdings (09929) resumed trading and soared more than 200%. As of the time of writing, it surged by 191.26% to 0.3 Hong Kong dollars, with a trading volume of 24.6032 million Hong Kong dollars. On the news front, SEM Holdings announced that the original shareholder SEM Enterprises sold 75% of its shares to the independent third party, Yao Shuobin (offeror), involving 1.5 billion shares at a cash price of 165 million Hong Kong dollars, equivalent to a price of 0.11 Hong Kong dollars per share. After the completion of the transaction, the offeror is required to make a mandatory general offer at a cash price of 0.11 Hong Kong dollars per share, representing a premium of 6.80% over the pre-trading suspension price.