Core Viewpoint - Changhong Jiahua (03991) has resumed trading with a significant increase of nearly 23%, following the announcement of a privatization plan by the offeror, Hongtu Investment Co., Ltd. [1] Group 1: Stock Performance - The stock opened high at approximately 23% and is currently up 22.83%, trading at HKD 1.13 with a transaction volume of HKD 655,400 [1]. Group 2: Privatization Plan - Changhong Jiahua and Hongtu Investment Co., Ltd. announced a plan to privatize the company, which will be presented to shareholders for approval by September 22, 2025 [1]. - If approved, the plan will lead to the delisting of the company's ordinary shares from the Hong Kong Stock Exchange [1]. - The proposed plan includes a buyout price of HKD 1.223 per share, representing a premium of approximately 32.93% over the last trading day's closing price of HKD 0.920 [1]. Group 3: Shareholder Structure - As of the announcement date, there are approximately 580 million ordinary shares, with a total valuation of about HKD 709 million [1]. - The offeror is a special purpose company directly owned by Changhong Group, which is controlled by the Mianyang State-owned Assets Supervision and Administration Commission and the Sichuan Provincial Finance Department [1]. - Changhong Group, as the largest single shareholder of Sichuan Changhong, effectively controls the majority of the board members of Sichuan Changhong [1].
港股异动 | 长虹佳华(03991)复牌高开近23% 获长虹集团溢价约32.93%提私有化