COASTAL GL (01124) has surged over 37% since resuming trading. As of this writing, the stock price has increased by 33.90%, currently standing at HK$0.395 with a transaction volume of HK$6.73547 million. On October 17, COASTAL GL announced that it was informed by the seller, Coastal International Holdings Limited, that the offeror, Tao Qian Limited, intends to establish a sales agreement by the end of October 2025. According to this agreement, the seller plans to sell shares totaling 153,126,197 shares, which account for approximately 36.93% of the company's total issued share capital as of the announcement date, as well as the sale of loans. The announcement also noted that, as of the announcement date, the offeror is still conducting due diligence on the company, and a formal sales agreement has not yet been established between the parties. According to Rule 26.1 of the Takeover Code, upon completion, the offeror must make a mandatory conditional cash offer for all issued securities of the company (excluding those already owned or agreed to be acquired by the offeror and its concert parties).