The Zhitong Finance App learned that Huayu Express (01823) opened more than 13% higher in early trading. At the end of publication, it rose 13.13% to HK$1.81, with a turnover of HK$3,620.
According to the news, the company announced that on June 29, 2023 (after the stock exchange trading period), Shenzhen Huayu Liquor Development Co., Ltd., a subsidiary of the buyer company, Shenzhen Huayu Investment and Development (Group) Co., Ltd., Chen Yangnan, and the target company Huajia Liquor (Shenzhen) Co., Ltd. signed an equity transfer agreement. Based on this, the buyer conditionally agreed to the acquisition and the seller conditionally agreed to sell the sales rights (65% of the target company's shares) at a cost of RMB 315 million.