Vichin Jinco (02003.HK) announced that Chairman Martin Hsiung (Procurer) has acquired a total of 20.5 million shares from Yu Shu Investment VCC and NM Strategic Focus Fund L.P., representing 4.19% of the company's share capital at a total cost of $36.9 million, equivalent to a share price of $1.8 per share. Upon completion, a mandatory comprehensive offer of $1.8 per share is required for the underwriter to jointly hold 44.04% of the company's share capital. The cash price per share is $1.8 per share, a discount of 9.09% compared to earnings before discontinuation.

After the closing of the Agreement, it intends to continue to operate the Group's existing principal business and maintain the listed position of the shares. The company's shares have applied to resume trading on Monday (23rd).