HK Stock Movement | JF SMARTINV-100 (09636) Surges Over 4% Intraday as All Conditions for JF Financial Acquisition Are Met

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Jan 09

JF SMARTINV-100 (09636) saw an intraday surge of more than 4%. As of the time of writing, the stock was up 3.96%, trading at HK$57.7 with a turnover of HK$75.9343 million. On the news front, on January 6, JF SMARTINV-100 announced an update regarding the acquisition of all equity and the core information system of the target company, JF Financial Company Limited (formerly known as Yintech Financial, "JF Financial"). As of the date of the announcement, all pre-conditions for the completion of the acquisition have been satisfied. The transaction was officially completed on the announcement date. Following the completion, the member companies of the target group are now 100% owned by JF SMARTINV-100 and have been consolidated as its wholly-owned subsidiaries; furthermore, the company has obtained full ownership of the core information system.

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As of the time of writing, the stock was up 3.96%, trading at HK$57.7 with a turnover of HK$75.9343 million. On the news front, on January 6, JF SMARTINV-100 announced an update regarding the acquisition of all equity and the core information system of the target company, JF Financial Company Limited (formerly known as Yintech Financial, \"JF Financial\"). As of the date of the announcement, all pre-conditions for the completion of the acquisition have been satisfied. The transaction was officially completed on the announcement date. 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