The Zhitong Finance App learned that Meijiehui Holdings (01,389) once resumed trading and soared by nearly 170% today. As of press release, it had risen 75% to HK$0.91, with a turnover of HK$1,9883 million.

According to the news, Meijiehui Holdings and Max Premier, the main shareholder of Maosheng Holdings, jointly announced that MP, as the offender, purchased 53.77% of the shares from other shareholders for HK$102 million and submitted a mandatory unconditional cash offer. The offer price per share was HK$0.3428, a discount of about 34% compared to the suspension of trading of HK$0.52.

According to the announcement, the offer was fully accepted and payable with a maximum cash amount of approximately HK$87.84 million. The offeror intends to continue to employ the Group's existing management and employees, nominate new directors to join the board of directors, and maintain the stock listing status after the offer ends. The offenders were Zhao Chuanrong and Chen Jixiang, who owned 62% and 38% of the shares respectively.

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