REALWAY CAPITAL (HKEX: 01835) shares surged dramatically upon resuming trading this morning, at one point skyrocketing more than 240%.

At the time of writing, the stock was up 231.82% to HK$4.38, with a turnover of HK$4.75 million.

The sharp move follows an announcement made on the evening of June 30.

The company disclosed that the offeror, 3G Limited, has subscribed for a total of 150 million new H shares.

Furthermore, the sellers, including Shanghai Weimian, Shanghai Weiye, Shanghai Weihui, and Shanghai Zunwei, have sold 45 million domestic shares.

To meet the public float requirement, the company will also place up to 50 million new H shares at HK$0.8 per share through a placing agent.

Upon completion of these transactions, the offeror and parties acting in concert will hold approximately 195 million shares, representing about 55.19% of the enlarged share capital.

This triggers a mandatory unconditional general cash offer by the offeror under the rules.

The cash offer price is set at HK$0.8 per share, representing a discount of approximately 39.39% to the last closing price of HK$1.32 before the trading halt.

The offeror intends to maintain the listing status of the company's shares on the Stock Exchange.

3G Limited is wholly owned by Liu Kun.

Information shows that Liu Kun possesses extensive experience in strategic planning and investment analysis, particularly in the fields of smart driving and embodied intelligence.

Since August 2018, he has served as a member of the Investment Decision Committee of Ningbo Chentao Zhijia Equity Investment Fund Partnership (Limited Partnership).

The investment objective of this fund is to achieve long-term capital appreciation through private equity investments in companies focused on the smart driving and embodied intelligence sectors.

Since December 2023, he has held the position of General Manager at Xinjiang Yikong Zhijia Technology Service Co., Ltd.