Hong Kong stocks Maoki Kwai Chung rose 140% during the day.

In Hong Kong stocks, Maogi Kui Chung rose 140% in midday trading. The company had previously announced that its former controlling shareholder, Blackpaper Limited, sold 65% of its shares to independent third party Dr. Ma Liyang. The deal involved 175.5 million shares at a total price of 122 million Hong Kong dollars, equivalent to a price of 0.6963 Hong Kong dollars per share. After completion, the buyer must make a mandatory general offer of 0.6963 Hong Kong dollars per share in cash, representing a discount of 42.45% from the pre-suspension closing price. The offeror intends to maintain the company's listed status after the transaction.