HK Stock Movement | CENT UNIT HLDG (01959) Surges Over 15% in Afternoon Trading as MOG DIGITECH (01942) Executive Director Takes Control

Stock News2025-12-19

CENT UNIT HLDG (01959) saw its shares surge more than 15% in afternoon trading. At the time of writing, the stock was up 9.09%, trading at HK$3.12 with a turnover of HK$10.76 million.

The rally follows the company's recent announcement that Chairman Luo Houjie sold a 71.12% stake, involving 376.9 million shares, for a total consideration of approximately HK$153 million. Upon completion of the transaction, the offeror is required to make a mandatory general offer at a cash price of HK$0.94 per share, representing a 66.78% discount to the last closing price before the trading halt.

The offeror is 99% owned by Mok Ming Tung, an executive director of MOG DIGITECH (01942). Post-acquisition, the company intends to maintain its listed status.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment