HK Stock Movement | ZHAOBANGJI LIFE (01660) Drops Over 6% as Name Change Takes Effect; Company Plans Full Acquisition of Donghui Securities

Stock News

Nov 14

ZHAOBANGJI LIFE (01660) fell more than 6%, with a decline of 4.92% at the time of writing, trading at HK$0.58 and a turnover of HK$12.2169 million. The company recently announced the official change of its Chinese stock name to "ZHAOBANGJI LIFE," effective from 9:00 AM on November 14. Additionally, ZHAOBANGJI LIFE intends to acquire 100% of Donghui Securities, which primarily engages in brokerage and trading of Hong Kong-listed securities and is licensed by the Hong Kong Securities and Futures Commission. As of June 30, 2025, the net assets of the securities firm were approximately HK$5.3 million. The board believes that Hong Kong's financial services sector has promising prospects under macro-level government policy support. The acquisition is seen as a low-cost entry point for the group to enter the financial services industry and develop into a diversified financial platform. The board considers the proposed acquisition to align with the overall interests of the company and its shareholders.

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The company recently announced the official change of its Chinese stock name to \"ZHAOBANGJI LIFE,\" effective from 9:00 AM on November 14. Additionally, ZHAOBANGJI LIFE intends to acquire 100% of Donghui Securities, which primarily engages in brokerage and trading of Hong Kong-listed securities and is licensed by the Hong Kong Securities and Futures Commission. As of June 30, 2025, the net assets of the securities firm were approximately HK$5.3 million. The board believes that Hong Kong's financial services sector has promising prospects under macro-level government policy support. The acquisition is seen as a low-cost entry point for the group to enter the financial services industry and develop into a diversified financial platform. 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