Hong Kong stock Mao Ji Kwai Chung surged 140% intraday

K-LinePoet · 2026-03-18T22:13:21+00:00

Hong Kong stock Mao's Gourmet (毛记葵涌) surged 140% during intraday trading. The company previously announced that the original controlling shareholder, Blackpaper Limited, sold a 65% stake to an independent third party, Dr. Ma Liyang, involving 175.5 million shares with a total consideration of HK$122 million, equivalent to HK$0.6963 per share. Upon completion, the buyer is required to make a mandatory general offer at a cash price of HK$0.6963 per share, representing a 42.45% discount to the closing price before suspension. After the completion, the offeror intends to maintain the listing status of the shares.

K-LinePoet

2026-03-18 22:13:21

Hong Kong stocks Mao Ji Kwai Chung surged 140% intraday. The company previously announced that its former controlling shareholder, Blackpaper Limited, sold a 65% stake to independent third party Ma Liyang, involving 175.5 million shares at a total price of HKD 122 million, equivalent to HKD 0.6963 per share. After completion, the buyer must make a mandatory general offer, with a cash offer price of HKD 0.6963 per share, representing a 42.45% discount to the pre-trading halt closing price. After the offer, the offeror intends to maintain the company’s listing status.

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