HK Stock Market Move | SHAW BROTHERS (00953) fell nearly 16% in the morning, planning to issue shares at a discount to acquire all the shares of CMC Moon Holdings Limited.

SHAW BROTHERS (00953) fell nearly 16% in the morning, as of press time, down 15.79% to HK$0.32, with a turnover of HK$7.9039 million. On the news front, SHAW BROTHERS announced that on January 21, 2026, the company intends to acquire all the issued shares of CMC Moon Holdings Limited from its major shareholder, CMC, at a purchase price of RMB 45.765 billion. The company will issue and distribute consideration shares (a total of approximately 15.93 billion shares, representing approximately 91.82% of the enlarged share capital) to HoldCo and other designated recipients at an issue price of HK$0.320 per share, representing a discount of approximately 15.8% to the closing price of HK$0.380 per share reported on the last trading day on the Stock Exchange of Hong Kong. As of the date of this announcement, the target company is a direct wholly-owned subsidiary of HoldCo, which will become an investment holding company of the target business after the restructuring is completed. The target business includes the development, production, investment, and distribution of films, series, and non-series content in mainland China and overseas markets; and the operation of more than 50 cinemas in mainland China under the UME brand and operating cinema circuits for film distribution.