Changes in Hong Kong stocks | Flo Dafu Holdings (01348) rose more than 26% after resuming trading and received a cash withdrawal offer from Liu Chong to acquire about 60.20% of shares and a discount of about 45.5%

The Zhitong Finance App learned that after resuming trading, Huo Dafu Holdings (01,348) rose more than 26%. As of press release, it had risen 16.16% to HK$0.226, with a turnover of HK$3.9023 million.

According to the news, on December 19, Hong Dafu Holdings and the offender YAEL CAPITAL MANAGEMENT LIMITED jointly announced that on December 12, 2025 (after the transaction period), the offeror (as the buyer) entered into a sales agreement. The shareholder conditionally agreed to sell, and the offender conditionally agreed to acquire the shares to be sold (that is, 887 million shares in total, accounting for about 60.20% of the company's total issued share capital on the date of this joint announcement). HK$95.8411 million, equivalent to HK$0.108 per share to be sold.

Following completion and as of the date of this Joint Announcement, the Offeror, the ultimate beneficial owner of the Offeror and any of their concerted actors held a total of 887 million shares, accounting for a total of approximately 60.2% of the Company's issued share capital.

Cinda International and Libo Capital will submit a share offer of HK$0.108 per share in cash for and on behalf of the offender in accordance with the takeover rules. The offer price is approximately 45.5% off the closing price of HK$0.198 per share as reported on the Stock Exchange on the last trading day.