The Zhitong Finance App learned that Higan Holdings (02885) once rose by more than 17% this morning, reaching a record high of HK$2.28, and has risen more than 95% since the resumption of trading on November 10. As of press release, it rose 15.21% to HK$2.235, with a turnover of HK$5.3929 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. According to reports, Shenzhen Liye Group is an industrial holding company in mainland China, engaged in power equipment, new energy, pharmaceuticals, beverages, and financial services.

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