Changes in Hong Kong stocks | Shell Electric (02381) increased by more than 25%, and its stock price doubled within a month, and Star Signs Holdings completed the acquisition of 70% of the company's shares

The Zhitong Finance App learned that Shell Electric (02381) has increased by more than 25%, and its stock price has doubled during the month. As of press release, it rose 25.00% to HK$0.45, with a turnover of HK$9.644,300.

According to the news, Xingzhao Holdings recently completed the acquisition of 70% of Shell Electric's shares at a total cost of HK$154 million. Xingzhao Holdings plans to continue Shell's existing business, has no intention of privatizing the company, and plans to maintain its stock listing status. This transaction is more inclined to achieve strategic entry of industrial capital through transfer of control rights.

According to public information, Xingzhao Holdings is wholly owned indirectly by Tianlong Mobile. Tianlong Mobile is mainly engaged in R&D, manufacturing and sales of telecommunication equipment and electronic products, and has deep accumulation in the consumer electronics and smart terminal industry chain.