The Zhitong Finance App learned that the resumption of trading of Yiyuan Liquor (08146) once soared 160%. As of press release, it had risen 86.79% to HK$0.495, with a turnover of HK$1.655 million.
According to the news, Yiyuan Liquor announced that the offender Hill Valley Investment Co., Ltd. acquired a total of about 589 million shares at a total cost of about HK$73.629,800, accounting for about 73.63% of the issued share capital. Immediately after completion, the offeror and concerted actors were required to make mandatory unconditional cash offers on a regular basis. The cash offer price of HK$0.12491 per share was discounted by about 52.86% from the closing price of HK$0.265 per share before the suspension of trading. The offender is Yang Ling Jiang, who plans to maintain the company's listing on the Stock Exchange.