The Zhitong Finance App learned that Haitong Hengxin (01905) resumed trading today, opening more than 16% higher in early trading. As of press release, it rose 16.67% to HK$1.4, with a turnover of HK$2.172,800.

According to the news, Haitong Hengxin issued an announcement. Two subsidiaries of the Shanghai International Group under the Shanghai State-owned Assets Administration Commission made partial offers to Haitong Hengxin shareholders to acquire a total of about 4.2 billion H shares and domestic shares to obtain 51% of the shares, and the acquisition of domestic stocks and H shares involved up to HK$9.088 billion.

According to the announcement, before the suspension of trading of Haitong Hengxin, the closing price of H shares was HK$1.20, and the asking price of H shares was HK$2.16, a premium of about 80.0% over the closing price. As the main state-owned investment platform, Shanghai International Group will provide a platform for Haitong Hengxin to increase its market share, and support it as a core platform to promote the potential optimization and integration of municipal state-owned financial leasing companies.

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