HK Stock Market Move | CENT UNIT HLDG(01959) resumed trading and increased by over 6%, with a discount of approximately 66.78% for the full acquisition offer.
Century Union Holdings (01959) resumed trading with a gain of over 6%, rising more than 33% at the opening. As of the time of publication, the stock is up 6.01% at HK$3, with a trading volume of HK$3.93 million.
CENT UNIT HLDG (01959) resumed trading, rising more than 6%, and at the opening it rose more than 33%. As of the time of this report, it has risen by 6.01%, trading at 3 Hong Kong dollars, with a trading volume of 3.922 million Hong Kong dollars.
On the news front, CENT UNIT HLDG and offeror MSINT LTD jointly announced that on December 11, 2025, the offeror completed the acquisition of approximately 377 million shares from Chong Jie Limited and Mr. Luo Houjie, accounting for approximately 71.12% of the total issued share capital on the date of this joint announcement, at a total cash consideration of approximately 153 million Hong Kong dollars, or 0.405 Hong Kong dollars per share.
Following the completion of the acquisition and as of the date of this joint announcement, the offeror, Mr. Mo Mingdong and any other persons acting in concert, collectively hold interests in approximately 377 million shares, accounting for approximately 71.21% of the total issued share capital on the date of this joint announcement, and have become the controlling shareholders. Pursuant to Rule 26.1 of the Takeover Code, the offeror must launch a mandatory unconditional cash offer for all issued shares (excluding those already owned or agreed to be acquired by the offeror and its persons acting in concert). The offer price per share is 0.94 Hong Kong dollars in cash, representing a discount of approximately 66.78% compared to the closing price of 2.83 Hong Kong dollars per share on the last trading day of December 11, 2025.
As of the date of this joint announcement, the offeror is owned 99% by Mr. Mo Mingdong and 1% by Mr. Ng Yiu Ming, both of whom are professional investors. Mr. Mo Mingdong is the sole director of the offeror.
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