---
title: "Understanding the Market | INNOVAX HLDGS surged over 50%, doubling its stock price in two trading days, and plans to offer a premium of about 6% for the full acquisition offer"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/260996635.md"
description: "INNOVAX HLDGS surged over 50% again, with the stock resuming trading yesterday, and its price has doubled in just two trading days. As of the time of writing, it is up 50%, priced at HKD 12, with a transaction volume of HKD 30.0239 million. On the news front, on the evening of October 10th, INNOVAX HLDGS announced that Chairman Zhong Zhiwen would transfer 75% of his shares to independent third party Wang Tingfa, involving 45 million shares, with a total consideration of HKD 270 million. Upon completion, a mandatory general offer must be made, with a cash price of HKD 6 per share, representing a premium of 6.01% over the last closing price before suspension. After the offer, the offeror intends to maintain the listing status of the shares on the Stock Exchange. In addition, the company announced that it expects to achieve a profit and total comprehensive income of approximately HKD 15 million to HKD 20 million for the six months ending August 31, 2025, while it anticipates a loss and total expenses of approximately HKD 22.9 million for the six months ending August 31, 2024"
datetime: "2025-10-14T06:58:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/260996635.md)
  - [en](https://longbridge.com/en/news/260996635.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/260996635.md)
---

# Understanding the Market | INNOVAX HLDGS surged over 50%, doubling its stock price in two trading days, and plans to offer a premium of about 6% for the full acquisition offer

According to Zhitong Finance APP, INNOVAX HLDGS (02680) soared over 50% again, with the stock resuming trading yesterday and doubling in price within just two trading days. As of the time of publication, it has risen 50%, priced at HKD 12, with a transaction volume of HKD 30.0239 million.

In terms of news, on the evening of October 10, INNOVAX HLDGS announced that Chairman Zhong Zhiwen would transfer 75% of his shares to independent third party Wang Ting, involving 45 million shares, with a total consideration of HKD 270 million. Upon completion, a mandatory general offer must be made, with a cash price of HKD 6 per share, representing a premium of 6.01% compared to the closing price before the suspension. After the offer, the offeror intends to maintain the listing status of the shares on the Stock Exchange.

In addition, the company announced that it expects to achieve a profit and total comprehensive income of approximately HKD 15 million to HKD 20 million for the six months ending August 31, 2025, while it expects to incur a loss and total expenses of approximately HKD 22.9 million for the six months ending August 31, 2024

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