GC CONSTRUCTION (01489) surged 100% upon resumption of trading. As of press time, the stock price rose 79.10% to HK$0.60, with a turnover of HK$22.677 million.

GC CONSTRUCTION announced that its original major shareholder has completed the transfer of a 72.89% stake to independent third party Mr. Gan Kok En (the offeror) for a cash consideration of HK$122 million. Consequently, the offeror is required to make a mandatory general offer at HK$0.1812 per share in cash, representing a discount of approximately 45.91% from the pre-suspension price.

Following the completion of the offer, the offeror intends to allow the group to continue operating its principal business and maintain the company's listing status. The offeror will conduct a review of the group's business activities and assets to formulate business plans and strategies for the group's future business development.