HK Stock Market Move | After resuming trading, MAXICITY (02295) once surged more than 163% after Zhu Liming acquired 75% of the shares and offered a cash offer of about 65.6% discount.

MAXICITY (02295) rose more than 163% after resuming trading, rising 136.84% to HK$4.5 by the time of publication, with a turnover of HK$9.6073 million. On July 2, MAXICITY and Green Union Global Energy Limited jointly announced that on June 21, 2026, the seller, guarantor, and offeror entered into a purchase agreement, with the offeror agreeing to acquire and the seller agreeing to sell sales shares (a total of 3 billion shares, accounting for 75% of the total issued share capital of the company as of the date of the joint announcement), for a total consideration of HK$196.35 million (i.e. HK$0.6545 per share). The transaction was completed on June 22, 2026. Under Rule 26.1 of the Takeovers Code, the offeror must make a mandatory unconditional cash offer for all shares already issued (excluding the shares owned by the offeror, Ms. Zhu, and any concerted parties who have agreed to sell). The offer price per share is HK$0.6545, representing a discount of approximately 65.6% to the closing price of HK$1.90 per share on the last trading day (June 18, 2026) as reported by the Stock Exchange. As of the date of the joint announcement, the offeror is wholly beneficially owned by Ms. Zhu Limei, who is also the only director of the offeror. As of the date of the joint announcement, the offeror holds an interest in 3 billion shares.