Changes in Hong Kong stocks | Wanshun Group Holdings (01746) resumed trading and rose by more than 34%. Chairman Zhang Yuantong and others are likely to sell 75% of their shares and order intentions or trigger forced purchases

The Zhitong Finance App learned that Wanshun Group Holdings (01746) resumed trading and rose by more than 34%. As of press release, it had risen 34.12% to HK$0.57, with a turnover of HK$4.553,800.

According to the news, Wanshun Group Holdings issued an announcement stating that Zhang Yuantong, executive director and chairman of the board of directors, and Zhang Yuanqiu, executive director, as sellers, signed a letter of intent with Sichuan Wanlexin Technology. According to the letter of intent, the seller may sell sales shares to a potential buyer, which, if implemented, may result in a change in the company's control and trigger a mandatory comprehensive offer for all issued shares in accordance with the Takeovers Code. The seller indirectly held 750 million shares or 75% of the company's shares through Prime Pinnacle.