Group 1 - Shunlong Holdings (00361) saw a significant increase in stock price, rising over 43% at the close, with a current price of 0.089 HKD and a trading volume of 7.7829 million HKD [1] - The company announced the sale of 2.601 billion shares and convertible bonds worth a total of 74.1 million HKD to an independent third party, Han Cheng Energy Group, for approximately 93.34 million HKD [1] - Following the completion of the transaction, Han Cheng Energy Group will hold 50.11% of Shunlong Holdings' equity [1] Group 2 - Han Cheng Energy Group, based in Hubei, operates in four sectors: automotive trade, energy, real estate, and finance, with over 50 subsidiaries and an annual output value nearing 10 billion HKD [1] - The group is primarily owned by Liu Jincheng and Liu Gang, holding 80% and 20% of the company, respectively [1] - Analysts suggest that one of the core objectives of Han Cheng Energy Group's acquisition of Shunlong Holdings may be to achieve a reverse listing [1]

Core Viewpoint - Shunlong Holdings (00361) experienced a significant increase in stock price, opening nearly 14% higher and currently trading at 0.049 HKD, with a transaction volume of 19,600 HKD. This surge follows the announcement of a major transaction involving the sale of shares and convertible bonds to Han Cheng Energy Group [1] Group 1: Transaction Details - The receiver sold 2.601 billion shares and convertible bonds with a principal amount of 74.1 million HKD to an independent third party, Han Cheng Energy Group, for a total consideration of approximately 93.34 million HKD [1] - Following the completion of this transaction, the offeror will hold 50.11% of the company's equity and is required to make a mandatory general offer at a cash price of 0.029 HKD per share, representing a discount of 32.56% compared to the previous closing price [1] Group 2: Offeror Information - The offeror, Han Cheng Energy Group, is a wholly-owned subsidiary of a company established in China, primarily engaged in clean energy development, vehicle manufacturing, and environmental sanitation services [1] - Han Cheng Energy Group is owned by Mr. Liu Jincheng and Mr. Liu Gang, holding 80% and 20% equity respectively [1] - The offeror intends to maintain the shares listed on the Hong Kong Stock Exchange after the offer period ends [1]

Group 1 - Shunlong Holdings (00361) opened nearly 14% higher and is currently trading at HKD 0.049, with a transaction volume of HKD 19,600 [1] - The company announced the sale of 2.601 billion shares and convertible bonds worth HKD 74.1 million to an independent third party, Han Cheng Energy Group, for a total consideration of approximately HKD 93.34 million [1] - Following the transaction, the offeror will hold 50.11% of the company's equity and is required to make a mandatory general offer at a cash price of HKD 0.029 per share, representing a discount of 32.56% compared to the previous day's closing price [1] Group 2 - Han Cheng Energy Group is a limited company established in China, primarily engaged in clean energy development, vehicle manufacturing, and environmental sanitation services [1] - The offeror is a wholly-owned subsidiary of Han Cheng Energy Group, which is owned by Liu Jincheng and Liu Gang, holding 80% and 20% equity respectively [1] - The offeror intends to maintain the shares listed on the Hong Kong Stock Exchange after the offer period [1]

Group 1 - The offeror, DoThink Investment Limited, plans to acquire 2.6012 billion shares of Shunlong Holdings (00361), representing approximately 50.011% of the company's total issued share capital, for a total cash consideration of about HKD 74.67985 million, equating to approximately HKD 0.029 per share [1] - The offer also includes convertible bonds with a total principal amount of HKD 74.1 million, which can be converted into 650 million shares at an adjusted conversion price of HKD 0.114, with a cash consideration of HKD 18.66135 million [1] - The total consideration for the acquisition amounts to approximately HKD 93.3412 million [1] Group 2 - Following the completion of the acquisition, the offeror and its concert parties will own a total of 2.6012 billion shares, representing approximately 50.011% of the company's total issued share capital [1] - According to the Takeover Code 26.1, the offeror must make an offer for all remaining issued shares not already owned or agreed to be acquired after the completion of the acquisition [1] - The cash offer price of HKD 0.029 per share represents a discount of approximately 33% compared to the last closing price of HKD 0.043 on the Stock Exchange [1] Group 3 - The offeror is a wholly-owned subsidiary of Han Cheng Energy Group, which is primarily engaged in clean energy development, vehicle manufacturing, and environmental sanitation services [2] - Han Cheng Energy Group is owned by Mr. Liu Jincheng and Mr. Liu Gang, holding 80% and 20% equity interests, respectively [2] - The offeror intends to maintain the listing of shares on the Stock Exchange after the offer deadline and has no intention to exercise any power to compulsorily acquire any outstanding shares post-offer [2]

Group 1 - The offeror, DoThink Investment Limited, plans to acquire 2.6012 billion shares of Shunlong Holdings, representing approximately 50.011% of the company's total issued share capital, for a total cash consideration of about HKD 74.67985 million, equating to approximately HKD 0.029 per share [1] - The offer also includes convertible bonds with a total principal amount of HKD 74.1 million, which can be converted into 650 million shares at an adjusted conversion price of HKD 0.114, with a cash consideration of HKD 18.66135 million [1] - The total consideration for the acquisition amounts to approximately HKD 93.3412 million, and following completion, the offeror and its concert parties will own a total of 2.6012 billion shares, representing about 50.011% of the company's total issued share capital [1] Group 2 - The offeror is a wholly-owned subsidiary of Han Cheng Energy Group, which is primarily engaged in clean energy development, vehicle manufacturing, and environmental sanitation services [2] - Han Cheng Energy Group is owned by Mr. Liu Jincheng and Mr. Liu Gang, holding 80% and 20% equity interests, respectively [2] - The offeror intends to maintain the shares listed on the Stock Exchange after the offer deadline and has no intention to exercise any power to compulsorily acquire any outstanding shares post-offer [2]