Hwa Hong Corporation Limited (01348) to be acquired by Liu Chong for approximately 60.20% of the shares, with a discount of about 45.5% to the cash offer. Trading to resume on December 19th.

Zhixin Financial News APP News, Huongda Fu Holdings (01348) and the offeror YAEL CAPITAL MANAGEMENT LIMITED jointly announced that on December 12, 2025 (after trading hours), the offeror (as the buyer) and the selling shareholders (as the sellers) entered into a purchase agreement, with the selling shareholders conditionally agreeing to sell and the offeror conditionally agreeing to acquire the shares to be sold (a total of 887 million shares, accounting for approximately 60.20% of the company's issued share capital on the date of this joint announcement), for a total consideration of HK$ 95.8411 million, equivalent to HK$ 0.108 per share to be sold.