The Zhitong Finance App learned that the resumption of trading of Higan Holdings (02885) soared by more than 70% today. As of press release, it rose 70.61% to HK$1.945, with a turnover of HK$21.6875 million.

According to the news, on the evening of November 9, Higan Holdings and Hong Kong Liye Group jointly announced that the offender used about HK$234 million to acquire 70% of the shares from other shareholders and made mandatory cash offers as usual. The offer price of HK$0.835 per share was HK$0.835, a discount of about 26.75% from the suspended closing price of HK$1.140. The company said that the mandatory cash offer involved up to HK$83.5 million. The offender was wholly owned by Shenzhen Liye, while Lin Li and Zhong Juqing held 99.9% of the rights and 0.1% of the rights, respectively.

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