According to the Zhidao Finance APP, Tontine Wines (00389) rose by more than 8%, and as of press time, it rose by 8.33%, with a turnover of HKD 1.9447 million.

On the news front, Tontine Wines announced that bidder Wang He plans to acquire 30.16 million shares, accounting for approximately 10% of the issued share capital, at HKD 0.6 per share. The bid price is the same as the previous day's closing price. The announcement stated that the bidder is optimistic about the transformation of the target company, and will extend the production and sales of red wine to baijiu, as well as cooperate with Luzhou Laojiao New Liquor Co., Ltd. They hope to introduce some liquor resources and high-quality liquor assets to improve the operation quality of the target company.