eggriculture (08609) resumed trading this morning and soared 126% at one point. As of the time of publication, it has risen by 106.12%, closing at 1.01 Hong Kong dollars, with a turnover of 3.1637 million Hong Kong dollars.
According to the AI Finance APP, eggriculture (08609) resumed trading this morning and soared over 126%. As of the time of publication, it has risen by 106.12%, closing at 1.01 Hong Kong dollars, with a turnover of 3.1637 million Hong Kong dollars.
On the news front, eggriculture announced a privatization proposal by BETA GRO FOODS ( SINGAPORE ) PTE. LTD., suggesting a planned share cancellation price of 1.103 Hong Kong dollars per share, a premium of 125.1% over the pre-suspension quote. Other planned shareholders will be eligible to receive an additional 0.082 Hong Kong dollars per share of other planned shares, totaling 1.185 Hong Kong dollars, a premium of 141.8% over the pre-suspension quote. The total consideration for the privatization plan is 0.568 billion Hong Kong dollars.
The offeror, comprising Betagro, a listed company in Thailand, and the founder and controlling shareholder Marqun, with holdings of 75% and 25% respectively in Radiant Grand, proposes the cancellation of all planned shares (including 0.5 billion shares of founder's planned shares and founder's remaining plan shares, 0.2052 billion shares of other planned shares) after the plan becomes effective. The company will apply for the withdrawal of its listing status on the GEM of the HKEX.