HK Stock Market Move | Legend Upstar (00459) resumed trading and soared more than 60%. The chairman offered a premium of approximately 77.33% for privatization.

LEGEND UPSTAR (00459) resumed trading and surged more than 60%, rising 64% to 0.123 HKD as of press time, with a trading volume of 1.262 million HKD. On the news front, on the evening of December 9, LEGEND UPSTAR announced that Chairman Wong Kin Yip (the offeror) proposed to privatize the company in a planned manner, offering a cash price of 0.133 HKD per share, representing a premium of 77.33% over the pre-suspension closing price, with a total investment of up to 89.47 million HKD. Upon completion, the company will apply for the delisting of its shares from the HKEx. Currently, the offeror holds approximately 62.74% of the company's shares.