Shares of COFCO JOYCOME (01610) rose more than 4%, reaching 3.77% higher at HK$1.1 as of press time, with a turnover of HK$8.4737 million.

On the news front, COFCO JOYCOME announced that on September 24, 2026, it approved, among other things, a proposal to merge Bright Trade Limited, a BVI business company incorporated in the British Virgin Islands and a direct wholly-owned subsidiary of the company, with and into the company. The company will be the surviving company and will continue its existence as the same legal entity incorporated in the Cayman Islands without interruption. Upon the effectiveness of the merger, the merged company will cease to exist as a separate legal entity.

The merger constitutes an internal reorganization within the group. The merger will cancel the separate corporate entity of the merged company, with the company directly assuming its assets and liabilities. The merger does not involve the transfer of business or assets outside the group, nor will it change the group's ultimate economic interests in such businesses or assets.

The merger aims to streamline the group's corporate structure, reduce administrative and corporate maintenance costs associated with maintaining separate subsidiaries, and enhance management efficiency.