Gelonghui December 20 | PENTAMASTER (1665.HK) resumed trading today with a surge of over 16%, reaching 0.94 Hong Kong dollars, setting a new high price in 11 months, with a total market value of 2.23 billion Hong Kong dollars. The stock had been rising continuously before the suspension, with a cumulative increase of over 45% for the month. According to reports, the company and the offeror, Puga Holdings Limited, in conjunction with Pentamaster Corporation Berhad, jointly announced that on December 19, 2024, the joint offeror entered into an implementation agreement with the company, under which the joint offeror requested the Board of Directors to present the proposal to the plan share holders, suggesting the privatization of the company through a scheme arrangement according to Section 86 of the Companies Act. The cancellation price for each planned share is 0.93 Hong Kong dollars, which is a premium of 16.3% over the closing price of 0.8 Hong Kong dollars on the last trading day. (Gelonghui)
- Headlines
- Hong Kong stocks are moving differently | With a premium privatization, PENTAMASTER resumed trading and surged over 16%, having previously risen consecutively before the suspension.
港股异动 | 获溢价私有化，槟杰科达复牌大涨超16%，停牌前曾连续上涨
Hong Kong stocks are moving differently | With a premium privatization, PENTAMASTER resumed trading and surged over 16%, having previously risen consecutively before the suspension.
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