HK Movers | China Financial Leasing Group Surges Another 60%, Extending Its Weekly Gain to 640%
China Financial Leasing Group Limited shares jumped surged another 60%, extending its weekly gain to 640%.
China Financial Leasing Group Limited has announced a series of conditional agreements involving the sale and purchase of its shares by Longling Capital Ltd.
The transactions result in Longling Capital Ltd acquiring approximately 34.96% of the company’s shares, triggering a mandatory conditional cash offer for the remaining shares.
The offer price is set at HK$0.38 per share, matching the purchase price in the agreements.
The offer is contingent upon Longling Capital Ltd and its affiliates securing more than 50% of the company’s voting rights.
The company aims to maintain its listing status on the Hong Kong Stock Exchange, ensuring sufficient public float post-offer.
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