HK Stock Market Move | TME-SW(01698) rose by over 4% and has completed the acquisition of Himalaya.
Tencent Music Entertainment Group (01698) rose by over 4%, as of the time of writing, it rose by 4.21% to HK$35.68, with a turnover of HK$137.818 million.
TME-SW (01698) rose more than 4%, as of the time of writing, it rose by 4.21%, reaching 35.68 Hong Kong dollars, with a turnover of 137.818 million Hong Kong dollars.
On the news front, TME-SW announced that on May 18, 2026, the acquisition of Himalaya in accordance with the terms of the merger agreement has been completed. As a result, Himalaya's related shareholders and participants in Himalaya's employee stock ownership plan have had their Himalaya equity securities canceled in exchange for the merger consideration. This consideration includes (subject to adjustment as applicable): up to a maximum of $1.26 billion in cash; and up to a total of 175 million shares of the company's Class A common stock (including Class A common stock newly issued by the company at closing, as well as Class A common stock granted as equity-based incentive awards by the company).
Related Articles
HK Stock Market Move | Lithium battery concept stocks collectively decline, Australian lithium mine Bald Hill announces restart plan; institutions pay attention to downstream acceptance of high prices.
HK Stock Market Move | ALI HEALTH(00241) continued to drop by over 3%, with revenue for the fiscal year 2026 falling below market expectations. Continued investments will put pressure on the company's profit margins.
HK Stock Market Move | SHENGHUI CLEAN(02521) rose more than 4%, intending to acquire 70% equity of Huali Digital in Guangdong for 15.75 million yuan and enter the development of AI systems.
HK Stock Market Move | Lithium battery concept stocks collectively decline, Australian lithium mine Bald Hill announces restart plan; institutions pay attention to downstream acceptance of high prices.
HK Stock Market Move | ALI HEALTH(00241) continued to drop by over 3%, with revenue for the fiscal year 2026 falling below market expectations. Continued investments will put pressure on the company's profit margins.
HK Stock Market Move | SHENGHUI CLEAN(02521) rose more than 4%, intending to acquire 70% equity of Huali Digital in Guangdong for 15.75 million yuan and enter the development of AI systems.
