Rongzun International Holdings Sees HK$92.39 Million in Share Transfers, Representing 6.08% of Issued Capital

Stock News06-05

According to the latest data from the Hong Kong Stock Exchange, a significant share transfer occurred for Rongzun International Holdings Ltd (01780) on June 4. The total value of the transferred shares amounted to HK$92.3895 million, representing approximately 6.08% of the company's issued capital.

The transaction involved a shareholder transferring 27.34 million shares into ZR Securities Hong Kong and moving 27.3875 million shares out of U Smart Securities.

In a prior announcement, Rongzun International Holdings stated that Hongbo Capital Limited, a corporation licensed under the Securities and Futures Ordinance to carry on Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities, has been appointed as the independent financial advisor. Its role is to advise the independent board committee and the independent shareholders regarding the offer, particularly on whether the terms are fair and reasonable and whether the offer should be accepted. This appointment has received approval from the independent board committee in accordance with Rule 2.1 of the Takeovers Code.

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