Changes in Hong Kong stocks | Fangyuan Life Services (09978) rose more than 40% at the end of the session, the company received a cash offer, market speculation or backed up by Ruihong Co., Ltd.

The Zhitong Finance App learned that Fangyuan Life Service (09978) rose more than 40% at the end of the session, and the cumulative increase this week has already exceeded 440%. As of press release, it rose 39.56% to HK$1.27, with a turnover of HK$10.252,900.

According to the news, Fangyuan Life Service recently announced that Gong Weili, chairman of Jiangsu Ruihong Network, plans to acquire 50.01% of Fangyuan Life Service's shares for about HK$28 million. According to reports, Ruihong Co., Ltd. announced the delisting of the New Third Board in March of this year “due to the needs of the company's business development and long-term strategic planning.” The market speculates that the ultimate purpose of this acquisition may be to list Hong Kong stocks behind the scenes.