Understanding the Market | SHUNTEN INTL opened over 13% higher as Chairman Zhang Shaohui offered a discount of about 20% to fully acquire the company
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SHUNTEN INTL's stock price opened over 13% higher, rising 13.33% to HKD 0.034 as of the time of publication, with a trading volume of HKD 988,300. The company and the offeror Leading Virtue jointly announced that they will acquire approximately 734 million shares on September 12, 2025, for a total consideration of HKD 17.61696 million. Zhang Shaohui acquired 32 million shares for HKD 768,000, representing 24.65% of the company's issued share capital. The offeror is required to make a mandatory conditional cash offer for all issued shares at an offer price of HKD 0.024 per share, representing a discount of approximately 20%
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