GENOR-B (06998) surged 5.23% during the intraday session on Tuesday, reflecting strong investor optimism following the completion of its proposed merger and corporate renaming.
The company announced that all conditions for the merger have been fulfilled, with the completion taking effect at 9:00 a.m. (Hong Kong Time) on December 30, 2025. Concurrently, the company's name has been changed from "Genor Biopharma Holdings Limited" to "Edding Genor Group Holdings Limited," signaling a new phase in its corporate identity.
Additionally, the company has appointed new directors, including Mr. Ni Xin and Ms. Zhai Jing as executive directors, and Dr. David Guowei Wang as a non-executive director, among others. These changes are expected to bring fresh leadership and strategic direction to the company.
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