On December 18, Glory Holdings reported that GOLDLION HOLD (0533.HK) resumed trading today, initially rising nearly 14% to HKD 1.39, reaching a new high since November 2021. In terms of news, GOLDLION, founded by the late patriotic businessman Tsang Hin-chi with a clothing brand, announced that the offeror Tsang Chi-ming proposed a privatization suggestion for the group by means of a scheme arrangement and suggested the delisting of shares. GOLDLION's shares resumed trading this morning. The cancellation price for each planned share will be paid in Cash to the scheme shareholders at HKD 1.5232, which is a premium of about 24.9% compared to the closing price of HKD 1.22 before the trading halt, and the cancellation price is about 65.95% lower than the net asset value per share of about HKD 4.4741 on June 30. The maximum cash consideration required for the cancellation and removal of the planned shares is approximately HKD 0.46 billion. The group stated that the trading volume of the shares has long been persistently low, suggesting providing a good opportunity for scheme shareholders to realize their investments at a premium above the current share price and achieve returns in the current uncertain market environment. GOLDLION noted that in recent years, the company’s business has faced difficulties due to the combined impact of declining consumption in Greater China, the Real Estate crisis, and adverse external factors. Since 2022, the company's revenue and net profit have been continuously declining, and a noticeable improvement is not expected in the short term. After becoming a private company, it will be able to formulate other long-term strategic decisions based on the current operating conditions, without being affected by the expectations of Capital Markets, regulatory costs, disclosure responsibilities, or short-term market and investor sentiment.