Vertical int'l (08375) resumed trading and opened up over 58%. As of the time of writing, it rose 58.14%, reported at 0.34 HKD, with a transaction volume of 0.4386 million HKD.
According to the Zhito Finance APP, Vertical int'l (08375) resumed trading and opened up over 58%. As of the time of writing, it rose 58.14%, reported at 0.34 HKD, with a transaction volume of 0.4386 million HKD.
On the news side, Vertical int'l announced that the chairman, CEO, and executive director Wen Haoran sold 0.188 billion shares to Guo Fan, accounting for approximately 65.33% of the company's total issued share capital, for a total price of 57.4798 million HKD, equivalent to a sale price of 0.3055 HKD per share, which is a premium of about 42.09% over the closing price on the last trading day. Guo Fan will have to make a mandatory unconditional cash offer for all issued shares.
