YOFC's stock surged 7.82% during the intraday session on Wednesday, following significant corporate developments. The movement comes after a shareholder transferred shares worth HK$447 million from BNP Paribas to Citibank, representing 3.01% of the company's total shares.
Additionally, YOFC announced a placement agreement to issue 70 million shares at HK$32.26 per share after market hours on December 9. These developments have likely contributed to the positive investor sentiment driving the stock's upward movement.
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