Yonko Holdings (01796) resumed trading today, falling nearly 40 per cent in early trading before recovering more than 3 per cent, Zhitong Financial APP learned. As of press time, it rose 3.02% to HK $2.05, with a turnover of HK $2.1373 million.
In news, Yogao Holdings announced that Kailang Holdings, a major shareholder, sold 75 per cent of its shares to an independent third party, Huang Hou, involving 360 million shares for a total consideration of HK $166 million. Upon completion, the buyer is required to make a mandatory cash offer at a price of HK $0.4603 per share, which is about 76.87 per cent lower than before the suspension.