Samson Holding (00531.HK) resumed trading today, opening up 35.94% to HKD 0.44, currently the highest since the opening of the market, up 37.5%, reaching a new high since July 2022, with a turnover of 18.884 million shares and a total value of HKD 8.2294 million.
The company announced that Fushan (Hong Kong) (50% owned by Chairman Guo Shanhui and his spouse) has proposed to privatize the company by way of agreement arrangement, with a cash offer price of HKD 0.48 per share, a 50% premium over the pre-suspension price, involving up to HKD 0.422 billion. After the implementation, the company will cancel the listing status of its shares on the HKEX. Currently, the offeror and the concert parties hold 71.26% of the company's shares. (cy/w)
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